 | British Columbia - Law - 1877 - 880 pages
...**e Jomtly and severally liable to the extent of the aggregate amount of the dividend so declared, 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, that... | |
 | Charles Patrick Daly - Law reports, digests, etc - 1878 - 618 pages
...and for a failure so to do all the trustees thereof are declared to 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. No such report was ever made by the American Hand Pegging Machine... | |
 | Seymour Dwight Thompson - Corporation law - 1879 - 584 pages
...in default of which all the trustees of the company were declared to be jointly and severally liable for all the debts of the company then existing, and for all that should be contracted before such report should be made.2 A corporation failed to make its annual report... | |
 | Law reports, digests, etc - 1917 - 2042 pages
...existing debts." Upon failure to make and publish such statements, the managing officers were made liable "for all the debts of the company then existing and for all that shall be contracted before such report shall be made." Plaintiff recovered a judgment against the corporation of which... | |
 | Law reports, digests, etc - 1898 - 2046 pages
...such report as above stated, all the trustees of the company shall be jointly and severally liable for the debts of the company then existing, and for all that shall be contracted before such report shall be made. Comp. St. c. 25, ยง 460. The complaint alleges that said Twin City... | |
 | Encyclopedias and dictionaries - 1880 - 886 pages
...which would, to their knowledge, render it insolvent, they shall be jointly and severally liable for the debts of the company then existing, and for all that shall be thereafter contracted, so long as they shall respectively remain in office. It is provided that the... | |
 | Law reports, digests, etc - 1908 - 2268 pages
...companies shall fall to do so all the trustees of the company shall be jointly and severally liable for all debts of the company then existing and for all that shall be contracted before such report shall be made." This section, which is the origin of the one invoked by the plaintiff... | |
 | Law - 1881 - 982 pages
...directors to file annual reports, and for default thereof making them "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,"' makes them liable only for those debts which were contracted while... | |
 | Austin Abbott - Civil procedure - 1881 - 552 pages
...of the act. By such failure, the trustees of the corporation are made 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. The plaintiff's claim, for which it is sought to charge the defendant,... | |
 | Law - 1881 - 1014 pages
...directors to file annual reports, and for default thereof making them "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,"' makes them liable only for those debts which were contracted while... | |
| |
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,... 
