 | New York (State) - Law - 1867 - 1404 pages
...Dividend*, but if the directors of such company shall declare and pay any dividend when the company is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, they shall be jointly and severally liable... | |
 | James Philemon Holcombe - Debtor and creditor - 1848 - 528 pages
...contracted before such notice is given. 4th. If the directors of any such corporation declare and pay any dividend when the corporation is insolvent, or any...dividend the payment of which would render it insolvent, they will be jointly and severally liable for all the debts of the corporation then existing, and.... | |
 | New York (State). Legislature - Law - 1848 - 672 pages
...All the directors of said corporation who shall consent to declare and pay any dividend when the said corporation is insolvent, or any dividend the payment of which would render it insolvent, shall be jointly and severally liable for all the debts of the company then existing, and for all that... | |
 | Commerce - 1848 - 688 pages
...made. Sec. 13. If the trustees of any such company shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, or which would diminish the amount of its capital stock, they shall be jointly and severally liable... | |
 | Meteorology - 1848 - 966 pages
...Sec. 14. If the directors of any such company shall declare and pay any dividend, when the company is insolvent, or any dividend, the payment of which would render it insolvent, they shall be jointly anil severally liable for all the debts of the company then existing, and for... | |
 | Missouri - 1848 - 718 pages
...made. Sec. 13. If the trustees of any such company shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, or which would diminish the amount of its capital stock, they shall be jointly and severally liable... | |
 | Illinois - Law - 1849 - 452 pages
...trustees of any such company shall declare and сазе of inaoi- pay any (iiv¡(jemi when the company is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, they shall be jointly and severally liable... | |
 | Tennessee - Law - 1850 - 698 pages
...made. SEC. 13. If the trustees of any such company shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, or which would diminish the amount of its capital stock, they shall be jointly and severally liable... | |
 | Michigan - Law - 1850 - 964 pages
...M1CIIIUAN. Dividend*. ^c- •"• 1' sa"l company shall declare and pay any dividend whc« said company is insolvent, or any dividend the payment of which •would render it insolvent, or which would diminish the amount of its capital stock, the stockholders shall be jointly and severally... | |
 | Michigan - 1850 - 584 pages
...Kent. Sec. 8. If said company shall declare and pay any dividend when Dividend*. • . . said company is insolvent, or any dividend, the payment of which would render it insolvent, or which would diminish the amount oi' iU capital stock, the stockholders shall be jointly and severally... | |
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... if the directors of any such corporation shall knowingly declare and pay any dividend when the corporation is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock... 
