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" ... shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted... "
Atlantic Reporter - Page 303
1897
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Laws of the State of New York, Volume 2

New York (State) - Law - 1867 - 1404 pages
...which would render it insolvent, or which would diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts...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 ...

Law reports, digests, etc - 1856 - 532 pages
...insolvent, or any dividend the payment of which would to their knowledge render it insolvent, they shall be jointly and severally liable for all the debts...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 ..., Volume 9

Massachusetts - Law - 1837 - 870 pages
...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...
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Acts of the General Assembly of the State of New Jersey

New Jersey - Session laws - 1842 - 1396 pages
...payment ;, 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 - Session laws - 1847 - 954 pages
...administration it shall happen shall be jointly and severally liable, to the extent of such excess, for all the 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 reduced to the said...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volume 1

Missouri - 1848 - 718 pages
...company shall be carried on ; and if any of said companies shall fail so to do, all the trustees of the company shall be jointly and severally liable for...then existing, and for all that shall be contracted belore such report shall be made. Sec. 13. If the trustees of any such company shall declare and pay...
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Merchants' Magazine and Commercial Review, Volume 18

Commerce - 1848 - 688 pages
...which would render it insolvent, or which would diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts...the company then existing, and for all that shall be thereafter contracted, while they shall respectively continue 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 - Law - 1848 - 672 pages
...said corporation is insolvent, or any dividend the payment of which would render it insolvent, shall be jointly and severally liable for all the debts...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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Journal of the Franklin Institute

Meteorology - 1848 - 966 pages
...insolvent, or any 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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The Law of Debtor and Creditor in the United States and Canada

James Philemon Holcombe - Debtor and creditor - 1848 - 528 pages
...the stockholders thereof will be jointly and severally liable for all the debts of the corporation then existing, and for all that shall be contracted before such notice is given. 4th. If the directors of any such corporation declare and pay any dividend when the corporation...
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