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" ... if the directors of any such corporation shall knowingly declare and pay any dividend when the corporation is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock... "
Acts Passed by the General Assembly of Georgia - Sida 205
efter Georgia - 1850
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Laws of the State of New York, Volym 2

New York (State) - 1867 - 1404 sidor
...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 the amount of its capital stock, they shall be jointly and severally liable...
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The Law of Debtor and Creditor in the United States and Canada

James Philemon Holcombe - 1848 - 528 sidor
...contracted before such notice is given. 4th. If the directors of any such corporation declare and pay any dividend when the corporation is insolvent, or any...dividend the payment of which would render it insolvent, they will be jointly and severally liable for all the debts of the corporation then existing, and....
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - 1848 - 672 sidor
...All the directors of said corporation who shall consent to declare and pay any dividend when the said corporation is insolvent, or any dividend the payment of which would render it insolvent, shall be jointly and severally liable for all the debts of the company then existing, and for all that...
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Merchants' Magazine and Commercial Review, Volym 18

1848 - 688 sidor
...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 the amount of its capital stock, they shall be jointly and severally liable...
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Journal of the Franklin Institute

1848 - 966 sidor
...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 severally liable for all the debts of the company then existing, and for...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volym 1

1848 - 718 sidor
...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 the amount of its capital stock, they shall be jointly and severally liable...
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Laws

Illinois - 1849 - 452 sidor
...trustees of any such company shall declare and сазе of inaoi- pay any (iiv¡(jemi 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, they shall be jointly and severally liable...
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Acts

Tennessee - 1850 - 698 sidor
...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 the amount of its capital stock, they shall be jointly and severally liable...
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Acts of the Legislature of the State of Michigan, Volym 1

Michigan - 1850 - 964 sidor
...M1CIIIUAN. Dividend*. ^c- •"• 1' sa"l company shall declare and pay any dividend whc« said 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 stockholders shall be jointly and severally...
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Public and Local Acts of the Legislature of the State of Michigan

Michigan - 1850 - 584 sidor
...Kent. Sec. 8. If said company shall declare and pay any dividend when Dividend*. • . . said company is insolvent, or any dividend, the payment of which would render it insolvent, or which would diminish the amount oi' iU capital stock, the stockholders shall be jointly and severally...
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