 | Nevada - Law - 1912 - 1448 pages
...except from the net profits arising from the business of the corporation; nor to divide, withdraw, nor 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). Public Service Commission. Second District - Electric Utilities - 1913 - 1028 pages
...that " the directors of a stock corporation shall not make dividends, except from the surplus profirs arising from the business of such corporation, nor...its capital stock, except as authorized by law ". In the examination of reports filed in this office, instances have been discovered where dividends have... | |
 | George Folger Canfield - Corporation law - 1913 - 1026 pages
...except from surplus profits. It is further provided that the directors of any corporation shall not 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. These... | |
 | Harry Bower Bradbury - Appellate procedure - 1914 - 686 pages
...corporation shall make dividends, except from the surplus or net profits arising from its business, nor divide, withdraw, or in any way pay to the stockholders, or any of them any part of its capital stock, or reduce its capital stock, except according to this act, and in case of any violation... | |
 | Law reports, digests, etc - 1916 - 1288 pages
...certain when we read the provisions of section 28 of the Stock Corporation Law, which provides that : "The directors of a stock corporation shall not make...withdraw or In any way pay to the stockholders or nny of them, any part of the capital of such corporation, or reduce its capital stock, except as authorized... | |
 | Law reports, digests, etc - 1917 - 1272 pages
...of that state making it unlawful for a corporation to make any dividend except out of profits, or to divide, withdraw, or in any way pay to the stockholders or any of them any part of the capital stock of the company. This was held notwithstanding the fact that the corporation was solvent and had... | |
 | Law reports, digests, etc - 1917 - 1178 pages
...of that state making it unlawful for a corporation to make any dividend except out of profits, or to divide, withdraw, or in any way pay to the stockholders or any of them any part of the capital stock of the company. This was held notwithstanding the fact that the corporation was solvent and had... | |
 | William Meade Fletcher - Corporation law - 1917 - 1150 pages
...contract violates Rem. & Bal. Code, ยง 3697, providing that it shall be unlawful for 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, or to reduce the same except in the manner prescribed by the statute, articles... | |
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In case of any violation of the provisions of this section, the directors under whose administration the same may have happened, except... 
