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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, or which would... "
The Shareholders' Legal Guide - Page 132
by Thomas Hugh Markham - 1858 - 244 pages
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Laws of the State of New York, Volume 2

New York (State) - 1867 - 1404 pages
...said corporation. $13. The directors to declare dividends annually, Dividend*, but if the directors of 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...
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Journal of the Franklin Institute

1848 - 966 pages
...within the said 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, when the company is insolvent, or any dividend, the payment of which would render it insolvent, they shall be jointly anil...
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - 1848 - 672 pages
...then existing, and for all that shall be contracted before such report shall be made. "rorUjpn 6 13. 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, or •which would reduce...
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Merchants' Magazine and Commercial Review, Volume 18

1848 - 694 pages
...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 and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, or which would diminish...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volume 1

1848 - 718 pages
...existing, and for all that shall be contracted belore such report shall be made. Sec. 13. 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...
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Acts

Tennessee - 1850 - 698 pages
...existing, and for all that shall be contracted before such report shall be made. SEC. 13. 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...
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Mining Magazine: Devoted to Mines, Mining Operations, Metallurgy & C

1853 - 688 pages
...existing, and for all that shall be contracted before such report shall be made. § 13. 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...
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Compiled Laws of the State of California: Containing All the Acts of the ...

California, Selucius Garfielde, Frederick A. Snyder - 1853 - 1108 pages
...at the time of making such dividend, shall not be considered as part of the said profits. SEC. 46. If the directors of any such company shall declare and pay any dividends when the company is insolvent, or any dividend, the payment of which shall render it insolvent,...
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The Compiled Statutes of the State of New Hampshire: To which are Prefixed ...

New Hampshire - 1854 - 712 pages
...company then existing, and for all that shall be contracted before such notice shall be given. SEC. 21. 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...
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Mining Magazine: Devoted to Mines, Mining Operations, Metallurgy & C

1854 - 618 pages
...company then existing, and for all that shall be contracted before such report shall be made. § 18. 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, or which would diminish...
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