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" To apply any portion of the funds of such corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock ; or 6. "
House Documents, Otherwise Publ. as Executive Documents: 13th Congress, 2d ... - Page 680
by United States. Congress. House
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The Revised Statutes of the State of New-York: Passed During the ..., Volume 1

New York (State) - Law - 1829
...him, on his stock : 5. To apply any portion of the funds of their corporation except surplus profits, directly or indirectly to the purchase of shares of its own stock : 0. To receive any sucli shares in payment or satisfaction of any debt due to their corporation, except...
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Reports of Cases Argued and Determined in the Late ..., Volume 1; Volume 15

T. M. Lalor, New York (State). Supreme Court - Law reports, digests, etc - 1833 - 489 pages
...the directors of any monied corporation to apply any portion of their funds, except surplus profits, directly or indirectly to the purchase of shares of its own stock. This provision was not in the statute of one thousand eight hundred and twentyfive. It is perhaps unfortunate...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - United States - 1841
...the said directors apply, or suffer to be applied, any portion of the funds of the said corporation, directly or indirectly, to the purchase of shares of its own stock ; nor shall the said directors, or any of them, receive, as a security for any loan or discount . or in any payment...
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Reports of Cases Argued and Determined in the Supreme Court of the ..., Volume 6

New York (State). Supreme Court, Nicholas Hill - Law reports, digests, etc - 1845
...in by him, on his Slock: 5. To apply any of the funds of their corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock : 6. To receive any such shares in payment or satisfaction of any debt due to their corporation, except...
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The New-York Legal Observer, Volume 6

Samuel Owen - Law - 1848
...monied corporation, to apply any portion of the funds of their corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock," (1 RS 589, 1, sub. 5, 1 ed.) and, second, that which declares that " no conveyance, assignment or...
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Reports of Cases Decided in the Court of Appeals of the State of ..., Volume 3

New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Samuel Hand - Law reports, digests, etc - 1850
...legislature ;" or " to apply any portion of the funds of their corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock." (1 RS 589, 1.) The case falls so plainly within these prohibitions that no question is made on the...
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The Banking System of the State of New York: With Notes and References to ...

John Cleaveland - Banking law - 1857 - 361 pages
...him, on his stock : 5. To apply any portion of the funds of their corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock : 6. To receive any such shares in payment or satisfaction of any debt due to their corporation, except...
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Digest of Cases in Law and Equity, Argued and Determined in the Court of ...

Francis Edward Cornwell - Civil law - 1859 - 696 pages
...him on his stock ; 5. To apply any portion of the funds of the incorporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock ; 6. To receive any such shares in payment or satisfaction of any debt due to their corporation, except...
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Statutes at Large of the State of New York: Comprising the Revised ..., Volume 1

New York (State) - Law - 1863
...him, on his stock: 5. To apply any portion of the funds of their corporation except surplus profits, directly or indirectly to the purchase of shares of its own stock: e. To receive any such shares in payment or satisfaction of any debt due to their corporation, except...
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A Digest of New York Statutes and Reports: From the Earliest ..., Volume 4

Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864
...him on his stock ; 5. To apply any portion of the funds of their corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock ; 0. To receive auy such share* in payment or satisfaction of any debt due to their corporation, except...
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