 | Law reports, digests, etc - 1906 - 2090 pages
...amended, reads as follows : "Sec. 23. Liability of Directors for Making Unauthorized Dividends. — The directors of a stock corporation shall not make...from the surplus profits arising from the business of sucli corporation, nor divide, withdraw or in any way pay to the stockholders or any of them, any part... | |
 | Law reports, digests, etc - 1918 - 2060 pages
...1912, § 1169) provides that it shall not be lawful for the trustees or directors — "to divide or withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the company, nor to reduce the capital stock unless in the manner prescribed in this act,... | |
 | Nathan Howard (Jr.), Rowland M. Stover - Civil procedure - 1881 - 682 pages
...Telegraph Company. corporation ; and it shall not be lawful for the directors of any such company to divide, withdraw or in any way pay to the stockholders, or any of them, any part of the capital stock of such company, or to reduce the capital stock without the consent of the legislature " (2 Rev.... | |
 | George Washington Field - Ultra vires - 1881 - 620 pages
...make any dividend except from the surplus profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the company, nor to reduce the capital stock, unless in the manner prescribed in this act;... | |
 | New York (State) - Insurance law - 1883 - 342 pages
...corporaCapital not ti°ni an<i it shall not be lawful for the directors of any such duced"6" company to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of such company, or to reduce the said capital stock, without the [6O2] consent of the legislature... | |
 | Delaware - Law - 1883 - 1240 pages
...dividends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the said corporation, or to reduce the said capital stock, except according to this act, without... | |
 | New York (State). Superior Court (New York), James Clark Spencer, Samuel Jones - Law reports, digests, etc - 1883 - 646 pages
...business of s,uch corporation ; and it shall ngt be lawful for the directors of any such company to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of such company, or to reduce the said capital stock, without the consent of the legislature,... | |
 | Law reports, digests, etc - 1915 - 1200 pages
...for the trustees to make any dividend except from the net profits arising from tbe business of the corporation, nor divide, withdraw, or in any way pay...stockholders, or any of them, any part of the capital stock of the company, nor to reduce the capital stock of the company unless in the manner prescribed... | |
 | George W. Spaulding - Land tenure - 1884 - 574 pages
...manner prescribed by law, is in violation of that provision of the statute which forbids the trustees to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the company, and is void as to any creditor of the corporation, either prior or subsequent,... | |
 | Law reports, digests, etc - 1885 - 942 pages
...incorporated. Section 3543 of the Compiled Laws provides: "It shall not be lawful for the directors to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock, nor to reduce the amount of the same. " Other provisions of the laws upon the subject of corporations... | |
| |
In case of any violation of the provisions of this section, the directors under whose administration the same may have happened, except... 
