 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...  Reports of the Industrial Commission... - Page 225by United States. Industrial Commission - 1901Full view - About this book
 | New York (State) - Law - 1867 - 1404 pages
...or which would diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted while they shall respectively continue in office. Provided, that... | |
 | Law reports, digests, etc - 1856 - 532 pages
...payment of which would to their knowledge render it insolvent, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted, so long as they shall respectively continue in office: Provided... | |
 | New Jersey - Session laws - 1842 - 1396 pages
...unable to pay of which would render it so unable, they shall be jointly and its debtsseverally liable for all the debts of the company then existing and for all that shall be thereafter contracted, so long as they shall respectively continue in office ; provided,... | |
 | New Jersey - Session laws - 1847 - 954 pages
...administration it shall happen shall be jointly and severally liable, to the extent of such excess, for all the debts of the company then existing, and for all that shall be contracted, so long as they shall respectively continue in office, until the debts shall... | |
 | New York (State). Legislature - Law - 1848 - 672 pages
...fail so to do, all the directors of the company failing so to do shall he jointly and severally liable for all the debts of the company then existing, and for all that shall be contracted before such report shall be made. "rorUjpn 6 13. If the directors of any such... | |
 | Meteorology - 1848 - 966 pages
...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 all that shall be thereafter contracted, so long as they shall respectively remain in office: Provided,... | |
 | Commerce - 1848 - 694 pages
...companies shall fail so to do, all the trustees of the company shall be jointly and severally liable for all the debts of the 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... | |
 | Tennessee - Law - 1850 - 698 pages
...companies shall fail so to do, all the trustees of the company shall be jointly and severally liable for all the debts of the company, then existing, and for all that shall be contracted before such report shall be made. SEC. 13. If the trustees of any such company... | |
 | Ohio - Session laws - 1851 - 196 pages
...insolsolvent, or which would reduce the amount of their capital, yentthey shall jointly and severally be liable for all the debts of the company then existing, and for all that shall be thereafter contracted, so long as they shall respectively continue in office ; Provided,... | |
 | Canada - Session laws - 1856 - 620 pages
...shall have been declared and which said dividend shall be paid, shall be jointly and severally liable for all the debts of the Company then existing, and for all that shall be thereafter contracted while they shall respectively continue in office ; Provided always... | |
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