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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,... "
Brightly's Purdon's Digest: A Digest of the Statute Law of the State of ... - Página 1292
de Pennsylvania - 1894
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Laws of the State of New York, Volume 2

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...
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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,...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1842 - 1396 páginas
...so loaned. 28. And Le it enacted, That the whole amount of the 69 istration it- shall happen shall be jointly and severally liable, to the extent of...debts of the company then existing, and for all that shall be contracted, so long as they shall respectively continue in office, until the debts shall be...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1847 - 954 páginas
...paid in; and in case of -nny excess, the directors under whose administration it shall happen shall be jointly and severally liable, to the extent of...debts of the company then existing, and for all that shall be contracted, so long as they shall respectively continue in office, until the debts shall be...
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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
...fail so to do, all the directors of the company failing so to do shall he 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. "rorUjpn 6 13. If the directors of any such company...
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Merchants' Magazine and Commercial Review, Volume 18

1848 - 694 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 rach report shall be made. Sec. 13. If the trustees of any such company...
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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...
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The Law of Debtor and Creditor in the United States and Canada

James Philemon Holcombe - 1848 - 528 páginas
...time, or if present objecting thereto, and giving notice of the fact to the stockholders, are rendered jointly and severally liable to the extent of such excess, for all debts of the company then existing, or which shall be contracted subsequently, so long as they 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...
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Acts of the State of Ohio

Ohio - 1851 - 196 páginas
...insolsolvent, or which would reduce the amount of their capital, yentthey shall jointly and severally be 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...
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