 | Georgia - Law - 1850 - 460 pages
...SECTION 7. If the Directors of the said company shall declare and pay a dividend when the corporation is insolvent, or any dividend the payment of which would render it insolvent, knowing such corporation to be insolvent, or the payment of such dividend would render it so, the Directors... | |
 | Law reports, digests, etc - 1856 - 532 pages
...certificate shall be deemed to be the date of the incorporation of the company. 14. If the directors of any such company shall declare and pay any dividend when the company is known by them to be insolvent, or any dividend the payment of which would to their knowledge render... | |
 | Commerce - 1848 - 694 pages
...company, then existing, and for all that shall be contracted before rach report shall be made. Sec. 13. If the trustees of any such company shall declare...would render it insolvent, or which would diminish ihe amount of its capital mock, they shall be jointly and severally liable for all the debts of the... | |
 | Meteorology - 1848 - 966 pages
...Thirty days, file and record the same in the office of the Secretary of State. Sec. 14. If the directors of any such company shall declare and pay any dividend,...dividend, the payment of which would render it insolvent, they shall be jointly anil severally liable for all the debts of the company then existing, and for... | |
 | James Philemon Holcombe - Debtor and creditor - 1848 - 528 pages
...paid when the company is insolvent. — If the directors of any such corporation declare and pay a dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, knowing said company to be insolvent, or that such dividend would render it so, the directors assenting... | |
 | New York (State). Legislature - Law - 1848 - 672 pages
...directors of said corporation who shall consent to declare and pay any dividend when the said corporation is insolvent, or any dividend the payment of which would render it insolvent, shall be jointly and severally liable for all the debts of the company then existing, and for all that... | |
 | Michigan - 1850 - 584 pages
...county of Kent. Sec. 8. If said company shall declare and pay any dividend when Dividend*. • . . said company is insolvent, or any dividend, the payment...render it insolvent, or which would diminish the amount oi' iU capital stock, the stockholders shall be jointly and severally liable for all the debts of the... | |
 | Tennessee - Law - 1850 - 698 pages
...part of the sum paid by him as aforesaid; and if the Directors of said company shall declare and pay a dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, knowing such corporation to be insolvent, or that the payment of such dividend would render it so,... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1891 - 782 pages
...— " If the directors of any such corporation shall declare and pay a dividend when the corporation is insolvent, or any dividend the payment of which would render it insolvent, knowing such corporation to be insolvent, or that the payment of such dividend would render it BO,... | |
 | Tennessee - Law - 1852 - 824 pages
...aforesaid. SEC. 7. if the directors of said company shall declare and pay a dividend when the corporation is insolvent, or any dividend, the payment of which, would render it insolvent, knowing such corporation to be insolvent, or that the payment would render it so, the directors assenting... | |
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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, they shall be jointly and severally liable for all the debts of the company then existing,... 
