 | New York (State) - Law - 1890 - 912 pages
...Hun, 648 ; 56 NY, 659; 21 Hun, 668 ; 36 Hun, 626. Stock to be paid in cash. § 14. Nothing but money il, one thousand seven hundred seventy-seven, which have not since expired, or been repealed or alt by any .such company to any stockholder therein ; and if any such loan shall be made to a stockholder,... | |
 | Angelo Tillinghast Freedley - Corporation law - 1890 - 250 pages
...thereon.* PAYMENT BY NOTE PROHIBITED. — No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock.6 12. Stock of other Corporations.6 — And it shall not be lawful for any such corporation to... | |
 | Natal (South Africa) - Law - 1891 - 858 pages
...liability. 14. No note or obligation given by any shareholder to the company whereof he is a shareholder, whether secured by any pledge or otherwise, shall be considered as payment of any money due from him on any share held by him. 15. Where any company established previous to the taking... | |
 | New Jersey - Corporation law - 1892 - 186 pages
...so withdrawn. 54. Payment of capital to be in money, and no loans to stockholders. Nothing but money shall be considered as payment of any part of the capital stock of any company organized under this act, except as hereinafter provided for the purchase of property... | |
 | Delaware - Law - 1893 - 1374 pages
...record the proceedings of such meeting in the book of minutes of the company. SEC. 29. Nothing but money shall be considered as payment of any part of the capital stock of any company organized under this act, except as hereinafter provided for the purchase of property... | |
 | Marcus Tullius Hun - Law reports, digests, etc - 1892 - 752 pages
...provisions of section 14 of chapter 40 of the Laws of 184S, which provides as follows: "Xothiug but money shall be considered as payment of any part of the capital stock, and no loan of money shall be made by any such company to any stockholder therein ; and if any such loan shall be made to a stockholder,... | |
 | New Hampshire - New Hampshire - 1896 - 1290 pages
...creditors of the corporation. SECT. 9. No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock. SECT. 2 1 . Any stockholder who has voluntarily paid a debt or liability of a corporation, after demand... | |
 | Massachusetts - 1896 - 134 pages
...chap. 450; 1896, chap. 473.] SECT. 47. No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock; -but the capital stock shall be paid in either in cash or in the manner provided in the two following... | |
 | New Jersey - Bills, Private - 1896 - 474 pages
...give the directors power to fix the amount to be reserved as a working capital. 48. Nothing but money shall be considered as pay-ment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase... | |
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No note or obligation given by any stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock... 
