 | Michigan - 1875 - 492 pages
...of the sum refunded to him or them respectively. SEC. 23. If the directors of any such corporation shall declare and pay a dividend when the corporation...insolvent, knowing such corporation to be insolvent, or that the payment of such dividend would render it so, the directors assenting thereto shall be jointly... | |
 | Michigan - 1875 - 480 pages
...of the sum liefunded to him or them respectively. SEC. 23. If the directors of any such corporation shall declare and pay a dividend when the corporation...payment of which would render it insolvent, knowing Etich corporation to be insolvent, or that the payment of such dividend would render it so, the directors... | |
 | Maryland - 1879 - 1116 pages
...of au3r such corpora- id. s. 62. tion shall declare and pay any dividend when the corporation is D insolvent, or any dividend, the payment of which would render it insolvent, or would diminish the amount of the capital stock, the}' shall be jointly and severally liable for... | |
 | 1897 - 1040 pages
...managers or directors of any such corporation shall declare and pay any dividend when the corporation ls insolvent, or any dividend the payment of which would render it insolvent, or would diminish the amount of the capital stock, they shall be jointly and severally liable for all... | |
 | Charles Henry Stephens - 1881 - 680 pages
...CSC, c. 65, s. 23. 26. If the Directors of any Company 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... | |
 | New York (State) - 1882 - 1278 pages
...so pafd on such judgment § 19. If the directors of any such corporation shall 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, the directors voting in favor of declaring... | |
 | Charles Pelham Greenough - 1883 - 344 pages
...§ 14. That 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, or which would reduce the amount of their capital, they shall be jointly and severally liable for all... | |
 | Michigan - 1885 - 610 pages
...such corporation shall declare directors liable . т • i т i , i , • ..*, •,.. tor declaring, and pay a dividend when the corporation is insolvent,...insolvent, knowing such corporation to be insolvent, or that the payment of such dividend would render it so, the directors assenting thereto shall be jointly... | |
 | United States. Census Office. 10th Census, 1880 - 1885 - 742 pages
...trustees, or other officers or agents of any corporation shall declare and pay any dividend when such of or which would diminish the amount of its capital stock, all directors, trustees, agents, or officers... | |
 | 1888 - 956 pages
...provided that "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... | |
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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... 
