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" The directors may, before recommending any dividend, set aside out of the profits of the company such sums as they think proper as a reserve or reserves... "
Trade Promotion Series - Page 141
1933
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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
...Dividend shall be payable except out of the Profits arising from the Business of the Company; (66.) The Directors may, before recommending any Dividend, set aside out of the Profits of the Company such Sum as they think proper as a reserved Fund to meet Contingencies, or for equalizing Dividends, or...
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Practical Directions for Forming and Managing Joint-stock ..., Part 911

John Duncan (solicitor at law.) - Stock companies - 1856 - 166 pages
...all such sums of money as may be due from him to the company on account of calls or otherwise. (65.) The directors may, before recommending any dividend, set aside out of the profits of the company such sum as they think proper as a reserved fund to meet contingencies, or for equalising dividends, or...
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The Legal Observer, and Solicitors' Journal, Volume 52

Law - 1856 - 604 pages
...dividend shall be payable except out of the profits' arising from the business of the company. 65. The directors may, before recommending any dividend, set aside out of the profits of the company such sum as they think proper as a reserved fund to meet contingencies, or for equalising dividends, or...
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Statutes at Large ...: (37 v.) A collection of the public general statutes ...

Great Britain - 1856 - 850 pages
...except out of the Profits arising from the Business of the Company. (65.) The Directors may,beforc recommending any Dividend, set aside out of the Profits of the Company such Sum as l they think proper as a reserved Fund to meet contin- / jjencics, or for equalizing Dividends,...
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The New Joint Stock Company Law (of 1856, 1857, and 1858) with All the ...

Great Britain, Charles Favell Forth Wordsworth - 1859 - 172 pages
...dividend shall be payable except out of the profits arising from the business of the company.2 (05.) The directors may, before recommending any dividend, set aside out of the profits of the company such sum as they think proper as a reserved fund to meet contingencies, or for equalizing dividends, or...
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The Law of Joint Stock Companies: Containing the Companies Act, 1862, and ...

Leonard Shelford - Corporation law - 1863 - 680 pages
...dividend shall be payable except out of the profits arising from the business of the company. (65.) The directors may, before recommending any dividend, set aside out of the profits of the company such sum as they think proper as a reserved fund to meet contingencies, or for equalizing dividends, or...
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Joint Stock Companies: Being a Practical Treatise on Their Formation ...

Richard Spearman E. Farries - Corporation law - 1865 - 206 pages
...dividend shall be payable except out of the profits arising from the business of the company. (74.) The directors may, before recommending any dividend, set aside out of the profits of the company such sum as they think proper as a reserved fund to meet contingencies, or for equalising dividends, or...
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The Companies Act, 1862, with Analytical References and Copious Index ...

Anthony Pulbrook - 1865 - 238 pages
...No dividend shall be payable except out of the profits arising from the business of the company. 74. The directors may, before recommending any dividend, set aside out of the profits of the company such sum as they think proper as a reserved fund to meet contingencies, or for equalizing dividends, or...
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A Manual on the Winding Up of Companies by the Court of Chancery: Under the ...

Joseph Smith Taylor - Bankruptcy - 1865 - 518 pages
...dividend shall be payable except out of the profits arising from the business of the Company. (74). The directors may, before recommending any dividend, set aside out of the profits of the Company such sum as they think proper as a reserved fund to meet contigencies, or for equalizing dividends, or for...
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Ordinances of Hongkong 1844-65

Hong Kong. Legislative Council - 1866 - 626 pages
...Dividend shall be payable except out of the Profits arising from the Business of the Company. (74.) The Directors may, before recommending any Dividend, set aside out of the Profits of the Company such Sum as they think proper as a reserved Fund to meet Contingencies, or for equalizing Dividends, or...
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