 | 1922 - 1052 pages
...and payment of dividends. Section 28 of the Stock Corporation Law provides that the directors of a corporation shall not make dividends, except from...profits arising from the business of such corporation, or in any way pay to the stockholders, or any of them, any part of the capital stock of such corporation,... | |
 | New Jersey - 1889 - 174 pages
...dends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of the said corporation, or to reduce the said capital stock, except according to this act, without... | |
 | Willis Seaver Paine - 1889 - 130 pages
...business of such corporation ; and it shall not be lawful for the directors of any such company to divide, withdraw, •or in any way pay to the stockholders, or any of them, any part of the capital stock of such company or to reduce the said capital stock, without the consent of the Legislature ;... | |
 | 1890 - 1124 pages
...business of such corporation ; and it shall not be lawful for the directors of any such company to divide, withdraw or in any way pay to the stockholders or any of them any part of the capital stock of such company or to reduce the said capital stock without the consent of the legislature."... | |
 | New Jersey - 1892 - 186 pages
...dividends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of the said corporation, or to reduce the said capital stock, except according to this act, without... | |
 | Delaware - 1893 - 1374 pages
...dividends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the said corporation, or to reduce the said capital stock, except according to this act, without... | |
 | United States. Bureau of Labor - 1894 - 796 pages
...samo relation, shall be fixed by the bylaws. SEC. 965. It shall not be lawful for the directors to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock, nor to i'uduce the amount of the same. SEC. 966. Whenever it is desired to increase the amount... | |
 | New York (State). Supreme Court. Appellate Division - 1916 - 1154 pages
...distribution of $700,000 to be made to its stockholders. Section 28 of the Stock Corporation Law provides: " The directors of a stock corporation shall not make...reduce its capital stock, except as authorized by law." A corporation may begin business with a surplus contributed by its stockholders, and may thereafter... | |
 | New York (State). Supreme Court. Appellate Division - 1920 - 1148 pages
...none could have been legally declared or paid. Section 28 of the Stock Corporation Law provides: " The directors of a stock corporation shall not make...them, any part of the capital of such corporation." Since no profits have been made and so no dividends were or could have been declared it is difficult... | |
 | New Jersey - 1896 - 474 pages
...capital stock, or reduce except from its capital stock, except according to this act, and iu props'° r case of any violation of the provisions of this section,...directors under whose administration the same may when directors happen shall be joinlly and severally liable, at any time liable within six years after... | |
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In case of any violation of the provisions of this section, the directors under whose administration the same may have happened, except... 
