...refused to pay any of its notes or other obligations when due in lawful money of the United States, nor any of its officers or directors, shall transfer any...than the full value of the property paid in cash. The United Press had entered into certain contracts toy which it had leased certain wires, and hired...

...Section 66 of the Stock Corporation Law, so far as necessary to recite same here, reads as f ollows : "No conveyance, assignment or transfer of any property of any such corporation [one that has refused to pay any of Its notes or other obligations, when due, in lawful money] by it...

...when due, in lawful money of the United States, nor any of its officers or directors, shall assign any of its property to any of its officers, directors...directly or Indirectly, for the payment of any debt; and no officer, director or stockholder thereof shall make any transfer or assignment of Its property...

...that the corporation being unable to meet Its obligations could not, under section 66 of this law, transfer any of its property to any of Its officers, directors, or stockholders, except for the full value of the property paid In cash ; but there is no allegation that the Hardman...

...refused to pay any of Us notes or other obligations, when due, In lawful money of the United States, nor any of its officers or directors, shall transfer any...consideration than the full value of the property paid iii cash.'1 (176 NTS) [3, 4] There was no evidence the corporation had refused to pay any of its obligations,...

...corporation which shall have refused to pay any of its notes or other obligations, when due, * * * nor any of Its officers or directors, shall transfer any...directors or stockholders, directly or indirectly, * * * upon any other consideration, than the full value of the property paid In cash. * * * Every person...

...part of his report the Yellow Pine Company objects. Section 48 of the stock corporation law provides: "No conveyance, assignment or transfer of any property...by It or by any officer, director or stockholder, nor any payment made, Judgment suffered, loan created or security given by It or by any officer, director...

...209 NY 570, 103 NE 1122. The second sentence of the statute, so far as material, provides as follows: "No conveyance, assignment or transfer of any property of any such corporation by it or by any officer, direr-tor or stockholder thereof, nor any payment made, judgment suffered, lien created or security...

...corporation which shall refuse to pay any of its obligations when due, nor any of its officers, shall assign any of its property to any of its officers, directors, or stockholders for the payment of any debt, and no officer, director, or stockholder shall make any transfer or assignment...

...when due, in lawful money of the United States, nor any of its officers or directors, shall assign any of its property to any of its officers, directors...directly or indirectly, for the payment of any debt; and no officer, director or stockholder thereof shall make any transfer or assignment of its property,...