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" In the event of any liquidation or dissolution or winding up (whether voluntary or involuntary) of the corporation, the holders of the preferred stock shall be entitled to be paid in full both the par amount of their shares and the unpaid dividends accrued... "
At the General Assembly of the State of Rhode-Island and Providence ... - Page 355
by Rhode Island - 1917
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 63

New Jersey. Court of Chancery - 1903 - 930 pages
...corporation, the holders of the preferred stock shall be entitled to be paid in full both the par amount of their shares and the unpaid dividends accrued thereon,...shall be paid to the holders of the common stock." On March 28th, 1902, an act amending the General Corporation act of 1896 was approved (PL of 1902 p....
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The Atlantic Reporter, Volume 53

1903 - 1156 pages
...corporation, the holders of the preferred stock shall be entitled to be paid in full both the par amount of their shares and the unpaid dividends accrued thereon,...shall be paid to the holders of the common stock." On March '28, 1902, an act amending the general corporation act of 1896 was approved (PL 1902, c. 58,...
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Atlantic Reporter, Volume 74

1910 - 1164 pages
...full both principal and accrued dividends In the event of liquidation or dissolution of the company before any amount shall be paid to the holders of the common or general stock; (c) to require the consent In writing of a majority of the holders thereof to the...
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The Statutory and Case Law Applicable to Private Companies: With Special ...

James Brooks Dill - 1901 - 444 pages
...to be paid in full the par value of their preferred shares, and the dividends accumulated and unpaid thereon before any amount shall be paid to the holders of the common shares; and after such payment in full to the holders of the preferred shares the surplus assets and...
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The Organization and Management of Business Corporations

Walter Collins Clephane - 1905 - 288 pages
...dissolution the holders of said stock shall be paid the par value of their preferred shares before any sum shall be paid to the holders of the common stock ; and after the payment of the par value of the common stock to the holders thereof, any surplus, should there be such, Is...
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A Treatise on the Incorporation and Organization of Corporations: Created ...

Thomas Gold Frost - 1906 - 736 pages
...corporation, the holders of the preferred stock shall be entitled to be paid in full, both tbe par amount of their shares and the unpaid dividends accrued thereon,...value, and the unpaid accrued dividends thereon, the remaming assets and funds shall be divided and paid to the holders of the common stock pro rata according...
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Corporation Law of Maryland

Maryland - 1908 - 390 pages
...receive upon liquidation, dissolution or winding up, the par value thereof and all dividends unpaid thereon before any amount shall be paid to the holders of the common stock. would reduce the actual surplus of the corporation to an amount less than per centum of the par value...
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Select Cases and Other Authorities on the Law of Private Corporations

Edward Henry Warren - 1909 - 736 pages
...the company, be entitled to be paid in full both the principal of their shares and accrued dividends before any amount shall be paid to the holders of the common stock. Fifth: The names and post-office addresses of the incorporators and the number of shares subscribed...
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Commentaries on the Law of Private Corporations, Volume 7

Seymour Dwight Thompson - 1910 - 772 pages
...the first preferred stock shall share equally, and be entitled to be paid in full both the par amount of their shares and the unpaid dividends accrued thereon...before any amount shall be paid to the holders of the second preferred stock, and after the payment in full of all unpaid dividends accrued upon and the...
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The American State Reports: Containing the Cases of General ..., Volume 133

Abraham Clark Freeman - 1910 - 1262 pages
...full both principal and accrued dividends in the event of liquidation or dissolution of the company before any amount shall be paid to the holders of the common or general stock; (c) to require the consent in writing of a majority of the holders thereof to the...
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