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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,... "
Compilation of the Laws in Reference to Such Railroads as Have Received Aid ... - Página 125
por Missouri - 1859 - 153 páginas
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Laws of the State of New York, Volumen2

New York (State) - 1867 - 1404 páginas
...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 any of the...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

1856 - 532 páginas
...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, that...
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Private and Special Statutes of the Commonwealth of Massachusetts ..., Volumen9

Massachusetts - 1837 - 870 páginas
...shall nee^ j^J0™,,,! happen, shall be jointly and severally liable for all the det>ts j^™"* for a11 of the company then existing, and for all that shall be contracted so long as they shall continue in office. SECTION 6. The association shall in no case loan its funds loans tojnemto any others...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1842 - 1396 páginas
...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, that the amount...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1847 - 954 páginas
...any time owe, shall not exceed the amount of its capital stook actually paid in; and in case of -nny excess, the directors under whose administration it...long as they shall respectively continue in office, until the debts shall be reduced to the said amount of the capital stock; provided, that any of the...
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Merchants' Magazine and Commercial Review, Volumen18

1848 - 694 páginas
...or which would diminish ihe amount of its capital mock, 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: Prodded, That if any of the...
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Journal of the Franklin Institute

1848 - 966 páginas
...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 if any of...
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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
...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 shall thereafter be contracted, so long as they shall respectively continue in office. § 21. In case the...
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Laws

Illinois - 1849 - 452 páginas
...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 nude. Wo dividend in § J 3. If the trustees of any such company shall...
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Acts

Tennessee - 1850 - 698 páginas
...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 shall declare and pay...
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