 | Richard Howard Morrison - Corporations - 1921 - 136 pages
...which the stock was purchased specifically provided -oOo3. Gal. Civ. Code ยง309, "...directors must not divide, withdraw, or pay to the stockholders, or any of them any part of the capital stock ,..nor reduce or increase the capital stock..," Capital stock has been construed to mean "capital assets"... | |
 | California. District Courts of Appeal - Law reports, digests, etc - 1922 - 960 pages
...corporations must not make dividends except from surplus profits arising from the business thereof, . . . nor must they divide, withdraw or pay to the stockholders or any of them, any part of the capital stock. . . . For a violation of this section, the directors under whose administration the same may have happened... | |
 | Panama Canal (Panama) - Law - 1922 - 336 pages
...and manner allowed by law ; or, 2. To divide, withdraw, or in any manner, except as provided by law, pay to the stockholders, or any of them, any part of the capital stock of the corporation ; or, 3. To discount or receive any note or other evidence of debt in payment of... | |
 | California - Civil law - 1923 - 588 pages
...majority of the directo forming such board, made when duly assembled, is valid as a corpo ate act. draw, or pay to the stockholders, or any of them, any part...nor reduce or increase the capital stock, except as provided in section three hundred fiftynine of this code. For a violation of the provisions of this... | |
 | California, James Manford Kerr - Criminal law - 1923 - 680 pages
...and manner allowed by law; or, 2. To divide, withdraw, or in- any manner, except as provided by law, pay to the stockholders, or any of them, any part of the capital stock of the corporation; or, 3. To discount or receive any note "or other evidence of debt in payment of... | |
 | California - Criminal law - 1923 - 424 pages
...and manner allowed by law; or, 2. To divide, withdraw, or in any manner, except as provided by law, pay to the stockholders, or any of them, any part of the capital stock of the corporation; or, 3. To discount or receive any note or other evidence of debt in payment of... | |
 | Commercial law - 1928 - 516 pages
...of NewYork. This section provides that any director who acts "to divide, withdraw, or in any manner pay to the stockholders or any of them, any part of the capital stock of the corporation," shall be guilty of a misdemeanor. It was held that payments made by the defendants... | |
 | James Oscar McKinsey, Stuart Putnam Meech - Business - 1923 - 658 pages
...surplus profits arising from the business of such corporation, nor divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital of such corporation or reduce its capital stock except as authorized by law. In the case of any violation... | |
 | Commercial law - 1928 - 516 pages
...corporations were prohibited by statute except as specially provided from dividing, withdrawing or paying to the stockholders or any of them any part of the capital stock of the corporation except such part as remained after payment of all its debts upon its dissolution... | |
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To divide, withdraw, or in any manner pay to the stockholders, or any of them, any part of the capital stock of the corporation; or to reduce such capital stock without the consent of the legislature; or 3. 
