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" In the event of any liquidation or dissolution or winding up (whether voluntary or involuntary) of the corporation, the holders of the preferred stock shall be entitled to be paid in full both the par amount of their shares and the unpaid dividends accrued... "
Corporate Finance and Accounting: Treating of the Corporate Finances and ... - Page 475
by Harry Clark Bentley - 1908 - 505 pages
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 63

New Jersey. Court of Chancery - Law reports, digests, etc - 1903 - 930 pages
...involuntary) of the corporation, the holders of the preferred stock shall be entitled to be paid in full both the par amount of their shares and the unpaid dividends...shall be paid to the holders of the common stock." On March 28th, 1902, an act amending the General Corporation act of 1896 was approved (PL of 1902 p....
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Atlantic Reporter, Volume 53

Law reports, digests, etc - 1903 - 1156 pages
...involuntary, of the corporation, the holders of the preferred stock shall be entitled to be paid in full both the par amount of their shares and the unpaid dividends...shall be paid to the holders of the common stock." On March '28, 1902, an act amending the general corporation act of 1896 was approved (PL 1902, c. 58,...
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Atlantic Reporter, Volume 74

Law reports, digests, etc - 1910 - 1164 pages
...full both principal and accrued dividends In the event of liquidation or dissolution of the company before any amount shall be paid to the holders of the common or general stock; (c) to require the consent In writing of a majority of the holders thereof to the...
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The Statutory and Case Law Applicable to Private Companies: With Special ...

James Brooks Dill - Corporation law - 1901 - 444 pages
...to be paid in full the par value of their preferred shares, and the dividends accumulated and unpaid thereon before any amount shall be paid to the holders of the common shares; and after such payment in full to the holders of the preferred shares the surplus assets and...
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At the General Assembly of the State of Rhode-Island and Providence ...

Rhode Island - Law - 1903 - 264 pages
...dividends unpaid thereon before any amount shall be paid to the holders of the common stock ; and after payment to the holders of the preferred stock of its par value and the accrued dividends unpaid thereon, the remaining assets shall be divided and paid to the holders of...
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The Organization and Management of Business Corporations

Walter Collins Clephane - Corporation law - 1905 - 288 pages
...dissolution the holders of said stock shall be paid the par value of their preferred shares before any sum shall be paid to the holders of the common stock ; and after the payment of the par value of the common stock to the holders thereof, any surplus, should there be such, Is...
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A Treatise on the Incorporation and Organization of Corporations: Created ...

Thomas Gold Frost - Corporation law - 1906 - 736 pages
...the corporation, the holders of the preferred stock shall be entitled to be paid in full, both tbe par amount of their shares and the unpaid dividends...value, and the unpaid accrued dividends thereon, the remaming assets and funds shall be divided and paid to the holders of the common stock pro rata according...
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Corporation Law of Maryland

Maryland - Corporation law - 1908 - 390 pages
...receive upon liquidation, dissolution or winding up, the par value thereof and all dividends unpaid thereon before any amount shall be paid to the holders of the common stock. would reduce the actual surplus of the corporation to an amount less than per centum of the par value...
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Select Cases and Other Authorities on the Law of Private Corporations

Edward Henry Warren - Corporation law - 1909 - 736 pages
...the company, be entitled to be paid in full both the principal of their shares and accrued dividends before any amount shall be paid to the holders of the common stock. Fifth: The names and post-office addresses of the incorporators and the number of shares subscribed...
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Commentaries on the Law of Private Corporations, Volume 7

Seymour Dwight Thompson - Corporation law - 1910 - 772 pages
...the holders of the first preferred stock shall share equally, and be entitled to be paid in full both the par amount of their shares and the unpaid dividends...before any amount shall be paid to the holders of the second preferred stock, and after the payment in full of all unpaid dividends accrued upon and the...
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