 | South Carolina - 1868 - 942 pages
...dividend, when the Company is insolvent, or the solvent, payment of which would render it insolvent, they shall be jointly and severally liable for all...the debts of the Company, then existing, and for all thereafter contracted, so long as they respectively continue in office : Provided, That the amount... | |
 | New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Edward Jordan Dimock, Samuel Hand, Hiram Edward Sickels, Louis J. Rezzemini, Edmund Hamilton Smith, Edwin Augustus Bedell, Alvah S. Newcomb, James Newton Fiero - Law reports, digests, etc - 1868 - 672 pages
...companies shall fail so to do, all tl e trustees of the company shall be jointly and severally liab!e for all the debts of the company then existing, and for all that shall be contracted before such report shall be made." It is insisted by the plaintiffs' counsel, and doubtless... | |
 | Lucius Quintius Cincinnatus Elmer, New Jersey - Court rules - 1868 - 1198 pages
...said companies shall fail so to do, the presi- / • i- ^ v dent and directors of such company shall be jointly and severally liable for all the debts of the company then existing, 25. If the directors of any such company shall declare and pay any dividend when the company is unable... | |
 | New York (State) - Law - 1869 - 1006 pages
...insolvent, or any dividend, the payment of which would render it insolvent, or which would dimmish the amount of its capital stock, they shall be jointly and severally liable for all the debts of the 786 PART I. Loans to member!. Falsa reports. Stock held liy executor, &c. Persons entitled to vote... | |
 | North Carolina - Session laws - 1869 - 1270 pages
...would diminish the amount of its capital stock, such trustees shall be liable, jointly and severally, for all the debts of the company then existing, and for all that shall thereafter be contracted while they shall respectively continue in office : Provided, That if any of... | |
 | Illinois - Law - 1869 - 538 pages
...whereby the capital stock of the company shall be impaired, the directors assenting to the same shall be jointly and severally liable for all the debts of the company then existing : Provided, however, that no action shall be brought against any such director by any creditor of the... | |
 | Wyoming - Law - 1870 - 808 pages
...render it insolvent, or which would diminish the amount of its capital stock, they shall be joiatly and severally liable for all the debts of the company...contracted while they shall respectively continue " " , Proviso. in office ; Provided, That if any of the trustees shall object to the declaring of such... | |
 | Massachusetts - Session laws - 1870 - 536 pages
...and a majority of the directors ; and if any such company fails so to do, all its stockholders shall be jointly and severally liable for all the debts of the company then existing, and for all contracted before such notice is given. SECTION 64. All manufacturing companies, incorporated certain... | |
 | Law - 1881 - 572 pages
...debts. " § 12. If any of said companies shall fail to do so, all the stockholders of said company shall be jointly and severally liable for all the debts of the company then existing, aud for all that shall be contracted before such notice shall be given, unless such company shall have... | |
 | Austin Abbott - Civil procedure - 1870 - 584 pages
...The language of the statute is, that if the companies shall fail to file a report, the trustees shall be jointly and severally liable for all the debts of the company then existing. The defendants ask us to exclude from the operation of the statute all such debts as were not contracted... | |
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... for all the debts of the company then existing, and for all that shall be thereafter contracted... 
