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" 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... "
The Federal Reporter: Cases Argued and Determined in the Circuit and ... - Page 159
1908
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The American Reports: Containing All Decisions of General ..., Volume 25

Isaac Grant Thompson - 1879 - 888 pages
...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 sncli report shall be made." This section is identical with section 12, page 57, Laws of New York,...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 243-244

1917 - 2042 pages
...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 defendants were managing officers,...
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Library of Universal Knowledge, Volume 5

1880 - 886 pages
...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...
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New Cases Selected Chiefly from Decisions of the Courts of the ..., Volume 8

Austin Abbott - 1881 - 552 pages
...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...shall be contracted before such report shall be made. The plaintiff's claim, for which it is sought to charge the defendant, is founded upon a judgment recovered...
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The Southern Law Review, Volume 6

1881 - 1014 pages
...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...be contracted before such report shall be made,"' makes them liable only for those debts which were contracted while they were in office, there being...
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The Southern Law Review: And Chart of the Southern Law and ..., Volume 6

1881 - 982 pages
...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...be contracted before such report shall be made,"' makes them liable only for those debts which were contracted while they were in office, there being...
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The Mining Laws of the United States, Colorado, New Mexico and Arizona ...

Charles S. Wilson - 1881 - 126 pages
...which would dimin1s'i the amount of its capital stock, all the officers assenting thereto shall be liable for all debts of the company then existing, and for all that shall be contracted thereafter while the capital remains so diminished. Misrepresentation by Officers. — The officers...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 103

United States. Supreme Court - 1881 - 948 pages
...all the stockholders of said company shall be jointly and severally liable for all the debts of tbc company then existing, and for all that shall be contracted before such notice shall be given, unless such company shall have been insolvent and assigned its property in trust...
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Statutes at Large of the State of New York: Comprising the ..., Volume 10

New York (State) - 1882 - 1278 pages
...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: but whenever under this section a judgment shall be recovered against a trustee severally, all the...
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A Digest of the Reported Decisions of the Courts of the United States of ...

Charles Pelham Greenough - 1883 - 344 pages
...which would reduce the amount of their capital, they shall be jointly and severally 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 any...
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