 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,...  Journal of the Franklin Institute - Página 81848Vista completa - Acerca de este libro
 | Freeman Hunt, Thomas Prentice Kettell, William Buck Dana - 1858 - 812 páginas
...dividend or bonus shall have been declared, and which said dividend shall be paid, shall be jointly and severally liable for all the debts of the company...existing, and for all that shall be thereafter contracted while they shall respectively continue in office: provided always that if any of such managers, directors,... | |
 | Great Britain, Charles Favell Forth Wordsworth - 1859 - 172 páginas
...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...thereafter contracted, so long as they shall respectively continue in office : Provided always, that the amount for which they shall all be so liable shall not... | |
 | Missouri - 1859 - 164 páginas
...said corporation shall fail so to do, all the stockholders of the corporation 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. § 19. !£. the Directors of any corporation hereafter... | |
 | New York (State) - 1859 - 1350 páginas
...any dividend without having the cash in hand, duly earned, to pay the same, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall hereafter be contracted while they shall respectively continue in office ; provided that if any of... | |
 | New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Edward Jordan Dimock, Samuel Hand, Hiram Edward Sickels, Louis J. Rezzemini, Edmund Hamilton Smith, Edwin Augustus Bedell, Alvah S. Newcomb, James Newton Fiero - 1859 - 662 páginas
...all the trustees of the company shall be jointly and severally liable for all the Garrison v. Howe. debts of the company then existing, and for all that shall be contracted before such report shall be made." (§ 12.) There was a failure to make a report in January,... | |
 | Canada - 1859 - 704 páginas
...severally liable, as well to the Company as to the individual Share holders and Creditors thereof, for all the debts of the Company then existing, and for all thereafter contracted during their continuance in office, respectively; but if any Director, present... | |
 | Nathan Howard (Jr.) - 1860 - 608 páginas
...if any company shall omit to make such report, 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. The complaint avers that the defendant omitted to make... | |
 | Oliver Lorenzo Barbour - 1860 - 716 páginas
...shall fail to make and publish such statement, 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." This is a penalty imposed for neglect of duty. The penalty... | |
 | Massachusetts - 1860 - 1158 páginas
...tton^nS™ t ; payment of which would render it insolvent, they shall be jointly and glfasV-'?1''' estate by deed or mortgage con- Damages in retaining a covenant that it is f thereafter contracted so long as they respectively continue in office : provided, that the amount for... | |
 | Illinois. Supreme Court - 1865 - 658 páginas
...it, a failure to do so is made to fall on the trustees individually, and they are made jointly and severally liable for all the debts of the company then existing, and for all that might be contracted before such report should be made. Nor did the fact that onehalf of the capital... | |
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