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" 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... "
Acts of the Legislature of the State of Michigan - Page 352
by Michigan - 1855
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Laws of the State of New York, Volume 2

New York (State) - 1867 - 1404 pages
...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...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...
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Merchants' Magazine and Commercial Review, Volume 18

1848 - 688 pages
...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...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...
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - 1848 - 672 pages
...declare P1£TH0|I and pay any dividend when the company is insolvent, or any dividends" ' dividend, the payment of which would render it insolvent, or...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,...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volume 1

1848 - 718 pages
...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...would diminish the amount of its capital stock, they shall be jointly and severally liable for all the debis of the company then existing, and for all that...
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Merchants' Magazine and Commercial Review, Volume 18

1848 - 694 pages
...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 ihe amount of its capital mock, they shall be jointly and severally liable for all the debts of the...
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Laws

Illinois - 1849 - 452 pages
...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...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...
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Acts of the Legislature of the State of Michigan

Michigan - 1850 - 600 pages
...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 liable for all the debts of the...
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Acts of the Legislature of the State of Michigan

Michigan - 1851 - 418 pages
...ot any dividend when the company is insolvent, or any dividend theeuincer. . . . . tain casespayment of which would render it insolvent, or which would...diminish the amount of its capital stock, they and all the stockholders who shall accept or receive such dividend, shall be jointly and severally liable for...
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Statuts de la province du Canada

Canada - 1856 - 620 pages
...dividend or bonus, out of the paid up capital of said Company, or when the Company is insolvent, or which would render it insolvent, or which would diminish the amount of its Capital Slock, such Managers, Directors or Trustees who may be present when such dividend or bonus* shall have...
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Mining Magazine: Devoted to Mines, Mining Operations, Metallurgy & C

1853 - 688 pages
...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...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...
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