 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,...  Report - Page 295by Great Britain. Commissioners appointed to inquire and ascertain how far the Mercantile Laws in the different parts of the United Kingdom of Great Britain and Ireland may be advantageously assimilated and also whether any and what alterations and amendments should be made in the Law of artnership as regards the question of the limited or unlimited responsibility of partners - 1854Full view - About this book
 | Tennessee - 1850 - 698 pages
...companies shall fail so to do, all the trustees of the company shall 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. SEC. 13. If the trustees of any such company shall declare and pay... | |
 | Ohio - 1851 - 196 pages
...insolsolvent, or which would reduce the amount of their capital, yentthey shall jointly and severally be 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 [if]... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1910 - 858 pages
...within a certain time, for failure of which the trustees — " Shall 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." Plaintiff brought suit against the warehouse company as indorser... | |
 | Canada - 1856 - 620 pages
...shall have been declared and which said dividend shall be paid, shall be jointly and severally liable for all the debts of the Company then existing, and for all that shall be thereafter contracted while they shall respectively continue in office ; Provided always that if any... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1898 - 802 pages
...liability of directors for defaults in making reports. The New York statute creates a liability for "all debts of the company then existing, and for all that shall be contracted before such report shall be made." The Colorado statute creates a liability for "all debts that shall... | |
 | California, Selucius Garfielde, Frederick A. Snyder - 1853 - 1108 pages
...f J for Ui'Ms. diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts of 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... | |
 | 1853 - 688 pages
...or which would diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted, while they shall respectively continue in office : Provided, That if any of... | |
 | Illinois - 1853 - 276 pages
...would diminish the amount of its capital stock, they shall be jointly and severally liable for ail the debts of the company then existing, and for all that shall be thereafter contracted, while they shah respecProviso. tively continue in office : Provided, that if... | |
 | New York (State) - 1853 - 1390 pages
...fail so to do, all the trustees of the company shall be jointly and severally liable for all the debt of the company then existing, and for all that shall be contracted before such report shall be made. § 13. If the trustees of any such company shall declare Payment... | |
 | 1854 - 618 pages
...companies shall fail so to do, all the directors of the company shall 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. § 18. If the directors of any such company shall declare and pay... | |
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