 | Joseph Chalmers France - 1914 - 512 pages
...: "First. If the trustees, managers or 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 would diminish the amount of the capital stock, they shall be jointly and severally liable to the... | |
 | 1896 - 1644 pages
...under provisions of the statute. If the directors of a corporation declare or pay a dividend when it is insolvent, or any dividend the payment of which would render it insolvent, knowing the same, the directors assenting thereto are liable for the debts due at the time of the declaration... | |
 | Ezra Christian Ebersole - 1914 - 1698 pages
...of any corporation shall declare and pay any dividend when such corporation is known by them to be insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, all directors, officers or agents knowingly... | |
 | Alfred Ernest Wilkinson, Julian Andrew Richardson - 1915 - 172 pages
...When and to What Extent.—If the directors of any corporation shall knowingly declare and pay any dividend when the corporation is insolvent, or any...dividend the payment of which would render it insolvent, they shall be jointly and severally liable for all the debts of the corporation then existing, and... | |
 | Charles William Gerstenberg - 1915 - 1040 pages
...directors or other officers or agents of any stock corporation shall declare and pay any dividend when such corporation is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, all directors, officers or agents assenting... | |
 | Maryland - 1916 - 748 pages
...75. First : If the trustees, managers or directors of any surh corporation shall declare and pay any dividend, when the corporation is 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 to the... | |
 | Ivan Lester Pollock - 1918 - 398 pages
...of any corporation shall declare and pay any dividend when such corporation is known by them to be insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, all directors, officers or agents knowingly... | |
 | 1919 - 316 pages
...personally liable, when. — If the directors of any corporation shall knowingly declare and pay any dividend when the corporation is insolvent, or any...dividend, the payment of which would render it insolvent, they shall be jointly and severally liable for all the debts of the corporation then existing, and... | |
 | William Meade Fletcher - 1919 - 1352 pages
...Graves, 80 Fed. 588. The Missouri statute provides that if the directors knowingly declare anil pay any dividend when the corporation is insolvent, Or any dividend the payment of which would make it Insolvent, or which would diminish the amount of its capital stock, they shall be jointly and... | |
 | United States - 1920 - 1054 pages
...directors or other officers or agents of any stock corporation shall declare and pay any dividend when such 5 Y ae v, z Ӟw G @ h )& 6 t l$s T f' { [ w { kɥ , % /@ 1 or which would diminish the amount of its capital stock, all directors, officers or agents assenting... | |
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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... 
