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" There may, however, be a division and distribution of the capital stock of any corporation which remains after the payment of all its debts, upon its dissolution, or the expiration of its term of existence. "
Reports of Cases Determined in the Supreme Court of the State of California - Page 645
by California. Supreme Court - 1908
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The Civil Code of the State of California, Volume 1

California - Civil law - 1872 - 728 pages
...bar to any suit against such Directors for any sums for which they are made liable by this section. There may, however, be a division and distribution...dissolution or the expiration of its term of existence. NOTE.— Stats. 1850, p. 348; 1861, p. 607, Sec. 50; 1861, p. 626, Sec. 56; 1866, pp. 747-757; 1853,...
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The Law of Private Corporations: Being the Law of Private Corporations Under ...

John Proffatt - Corporation law - 1876 - 252 pages
...bar to any suit against such directors for any sums for which they are made liable by this section. There may, however, be a division and distribution...dissolution or the expiration of its term of existence. [See Stats. 1850, p. 348; 1861, p. 607, §50; 1861, p. 626, §56; 1866, pp. 747-757; 1853, p. 89, §§...
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The Civil Code of the State of California: As Enacted in 1872, Amended at ...

California - Civil law - 1876 - 612 pages
...such directors for any sums for which they are made liable by this section. There may, however, he a division and distribution of the capital stock of...dissolution or the expiration of its term of existence. Misconduct as to dividends and discounts, Penal Code, § 560 ; Irani In fcrounts, § 563 ; False reports,...
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The Civil Code of the State of California: As Enacted in 1872, Amended at ...

California - Civil law - 1876 - 626 pages
...are made liable by this section. There may, however, be a division and distribution of the eapital stock of any corporation which remains after the payment...dissolution or the expiration of its term of existence. § 310. No director shall be removed from office, unless by a vote of two thirds of the members, or...
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Laws of the State of California Relative to Railroads and Railroad ...

California - California - 1879 - 308 pages
...bar to any suit against such directors for any sums for which they are made liable by this section. There may, however, be a division and distribution...dissolution, or the expiration of its term of existence. Removal SRC. 310. No director shall be removed from office unless dirwtonT° by a vote of two-thirds...
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Census Reports Tenth Census. June 1, 1880: United States mining laws ... and ...

United States. Census Office. 10th Census, 1880 - United States - 1885 - 742 pages
...bar to any suit against such directors for any sums for which they are made liable by this section. e United States surveyor-general, it« term of existence. 2. Any officer of a corporation who willfully gives a certificate, or willfully...
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Bulletin, Issue 71

Geology - 1916 - 204 pages
...debts of such corporation existing at the date of the conveyance thereof. Nothing herein prohibits a division and distribution of the capital stock of...dissolution, or the expiration of its term of existence. PENAL CODE. § 560. Every director of any stock corporation who concurs in any vote or act of the directors...
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Bulletin, Issue 70

Geology - 1915 - 192 pages
...debts of such corporation existing at the date of the conveyance thereof. Nothing herein prohibits a division and distribution of the capital stock of...dissolution, or the expiration of its term of existence. PENAL CODE. § 500. Every director of any stock corporation who concurs in any vote or act of the directors...
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Bulletin, Issue 75

California. Division of Mines and Geology - Geology - 1917 - 126 pages
...debts of such corporation existing at the date of the conveyance thereof. Nothing herein prohibits a division and distribution of the capital stock of...dissolution, or the expiration of its term of existence. PENAL CODE. § SCO. Every director of any stock corporation who concurs in any vote or act of the directors...
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The Pacific Reporter, Volume 20

Law reports, digests, etc - 1889 - 908 pages
...not prohibited by Civil Code Cal. § ЗШ, providing that the director-* of a corporation must not "divide, withdraw, or pay to the stockholders, or...the payment of all its debts, upon its dissolution, "etc. Commissioners' decision. Department 2. Appeal from superior court, city and county of San Francisco;...
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