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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... "
Annual Report of the Board of Railroad Commissioners of the State of New ... - Page 74
by New York (State). Board of Railroad Commissioners - 1907
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The Pacific Reporter, Volume 73

1903 - 1180 pages
...directly contrary to the provisions of section 42G5, 1 Ballinger's Codes & St., which make it unlawful to "in any way pay to the stockholders or any of them any part of the capital stock of the company." It is alleged that creditors held indebtedness against the corporation at the...
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The Corporation Laws of California: Containing All Provisions of the ...

William Irvin Brobeck - 1904 - 1434 pages
...the 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;...
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A National Incorporation Law

Horace La Fayette Wilgus - 1904 - 174 pages
...shall make or declare dividends, except from the surplus or net profits arising from its business, nor divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except as provided in sections 44, and 95. (11.) Interpretation,—The...
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The Law of Foreign Corporations and Taxation of Corporations Both Foreign ...

Joseph Henry Beale - 1904 - 1208 pages
...arising from its business, nor when its debts, whether due or not, shall exceed two-thirds of its assets, nor divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this act, and in case of any violation...
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A National Incorporation Law

Horace La Fayette Wilgus - 1904 - 148 pages
...out of its surplus earnings or net profits arising from its business ; but such corporation shall not divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital or reduce its capital stock, except as provided in this Act. (2.) Reserve fund; division...
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Cases Determined in the Supreme Court of Washington, Volume 37

Washington (State). Supreme Court, Arthur Remington, Solon Dickerson Williams - 1905 - 870 pages
...for the trustees to make any dividend except from the net profits arising from the business of the corporation, nor divide, withdraw, or in any way pay...stockholders, or any of them, any part of the capital stock of the company, nor to reduce the capital stock of the company unless in the manner prescribed...
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Revisal of 1905 of North Carolina: Prepared Under Chapter Three ..., Volume 1

North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - 1905 - 1412 pages
...arising from its business, nor when its debts, whether due or not, shall exceed two-thirds of its assets, itled to the possession thereof by virtue of a special property therein, the facts in re its capital stock, or reduce its capital stock, except according to this chapter, and in case of any...
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Acts of the Legislative Assembly of the Territory of New Mexico, Session...

New Mexico - 1905 - 478 pages
...corporation shall make dividends, except from the surplus or net profits arising from its business, nor divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this act, and in case of any violation...
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Auditing: A Practical Manual for Auditors

Lawrence Robert Dicksee - 1905 - 398 pages
...corporation shall make dividends, except from the surplus or net profits arising from its business, nor divide, withdraw or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this act, and in case of any violation...
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General Corporation Law: As Amended, 1905

Nevada - 1905 - 62 pages
...except from the net profits arising from the business of the corporation; nor to divide, withdraw, nor in any way pay to the stockholders, or any of them, any part of the capital stock of the company; nor to reduce the capital stock, unless in the manner prescribed in this Act,...
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