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" 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... "
The Code of Law for the District of Columbia: Enacted March 3, 1901, Amended ... - Page 130
by District of Columbia - 1906 - 396 pages
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Laws of the State of New York, Volume 2

New York (State) - Law - 1867 - 1404 pages
...carried on ; and, if the said directors shall fail so to do, all the directors of the company shall be jointly and severally liable for all the debts...the company then existing and for all that shall be contracted before such report shall be made. § 15. No person holding stock in said company as executor,...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1856 - 532 pages
...to be insolvent, or any dividend the payment of which would to their knowledge render it insolvent, they shall be jointly and severally liable for all...existing, and for all that shall be thereafter contracted, so long as they shall respectively continue in office: Provided always, that the amount for which they...
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Acts of the General Assembly of the State of New Jersey

New Jersey - Session laws - 1842 - 1396 pages
...shall be false in any material representation, all the officers who shall have signed the same, shall be jointly and severally liable for all the debts of the company contracted while they were stockholder* or officers thereof. Three stockholders may ••all meetiug...
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Acts of the General Assembly of the State of New Jersey

New Jersey - Session laws - 1847 - 954 pages
...shall be false in any material representation, all the officers who shall have signed the same shall be jointly and severally liable for all the debts of the company contracted while they were stockholders or officers thereof. 31. And be it enacted, That when any of...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volume 1

Missouri - 1848 - 718 pages
...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,...shall be jointly and severally liable for all the debis of the company then existing, and for all that shall be thereafter contracted, while they shall...
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Merchants' Magazine and Commercial Review, Volume 18

Commerce - 1848 - 694 pages
...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 ihe amount of its capital mock, they shall be jointly and severally liable for all the debts of the...
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - Law - 1848 - 672 pages
...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 the debts of...
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Journal of the Franklin Institute

Meteorology - 1848 - 966 pages
...shall be false in any material representation, all the officers who shall have signed the same, shall be jointly and severally liable for all the debts of the company, contracted while they are stockholders or officers thereof. Sec. 16. No person, holding stock in any...
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Merchants' Magazine and Commercial Review, Volume 18

Commerce - 1848 - 688 pages
...maten»! representation, all the officers, who shall have signed the same, knowing it to be false, shall be jointly and severally liable for all the debts of the company, contracted while they are stockholders or officers thereof. Sec. 16. No person, holding stock in any...
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Laws

Illinois - Law - 1849 - 452 pages
...material representation, all the officers who shall have signed the same, knowing it to be false, shall be jointly and severally liable for all the debts of the company, contracted while ihey arc stockholders or officers thereof. Exec'rs, Ruar- § 16. No person holding...
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