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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, they shall be jointly and severally liable for all the debts of the company then existing... "
Reports of Cases at Law and in Chancery Argued and Determined in the Supreme ... - Página 107
por Illinois. Supreme Court - 1865
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Laws of the State of New York, Volume 2

New York (State) - 1867 - 1404 páginas
...carried on ; and, if the said directors shall fail so to do, all the directors 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. § 15. No person holding stock in said company...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

1856 - 532 páginas
...insolvent, or any dividend the 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 always,...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1842 - 1396 páginas
...ancl if any of the said companies shall fail so to do, all the stockholders 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 notice shall be given. 26. And be it enacted, That if the directors...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1847 - 954 páginas
...if any of said companies shall fail so to do, the president and directors of such company shall be jointly and severally liable for all the debts of the company then existing. 25. And be it enacted, That if the directors of any such renaitj for company shall declare and pay...
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - 1848 - 672 páginas
...carried on ; and iftany Ojf_said_ companies shall fail so to do, all the trustees of the company rha!F"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. $ 13. If the trustees of any such company shall...
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Merchants' Magazine and Commercial Review, Volume 18

1848 - 688 páginas
...which would render it insolvent, 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 if...
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Journal of the Franklin Institute

1848 - 966 páginas
...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 all that shall be thereafter contracted, so long as they shall respectively remain in office: Provided, That...
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Laws

Illinois - 1849 - 452 páginas
...which would render it insolvent, 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 lor all that shall be thereafter contracted, while they shall reProriso. speclively continue in office;...
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Acts

Tennessee - 1850 - 698 páginas
...ried on; and if any of said 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...
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Acts of the Legislature of the State of Michigan, Volume 1

Michigan - 1850 - 964 páginas
...render it insolvent, or which would diminish the amount of its capital stock, the stockholders shall be jointly and severally liable for all the debts of the company then existing. The stockholders o£ gaj(j company. si,aij De jointly and severally individually liable for debts that...
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