 The directors of a stock corporation shall not make dividends, except from the surplus profits arising from the business of such corporation, nor divide, withdraw or in any way pay to the stockholders or any of them, any part of the capital of such corporation,...  The New York Supplement - Page 5111903Full view - About this book
 | New York (State) - 1825 - 538 pages
...exclusively from such profits ; and it shall not be lawful for the directors of any such company to divide, withdraw, or in any way pay to the stockholders, or any of them, any part nl the capital stock of such company, or to reduce the said capital stock, without the consent of the... | |
 | New York (State) - 1829 - 826 pages
...business of such corporation ; and it shall not be lawful for the directors of any such company to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of such company, or to reduce the said capi(27) 1 RL 218, § 1. (28) Ib. 249, §... | |
 | New Jersey. Court of Chancery - 1909 - 1076 pages
...section 30 of the General Corporation act (PL 1806 p. 236) that "no corporation shall make dividends except from the surplus or net profits arising from...its capital stock, except according to this act," is to be read in connection with the provisions of sections 27 and 29 respecting a decrease of capital... | |
 | New Jersey. Court of Chancery - 1884 - 736 pages
...dividends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the corporation, or to reduce the capital stock except according to that act,... | |
 | New York (State). Superior Court (New York), Jonathan Prescott Hall - 1831 - 718 pages
...it is provided, that it shall not be lawful for the directors of any bank " to divide, with" draw, or in any way pay to the stockholders, or any of them, " any part of the capital stock, or to reduce the same without the '• consent of the Legislature;" and that in... | |
 | New Jersey - 1842 - 1396 pages
...dividends, except from the surplus profits stock, arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the said corporation, nor to reduce the said capital stock without the consent... | |
 | 1853 - 688 pages
...any dividend, except from the surplus profits arising from the business of the corporation ; nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the company, nor to reduce the capital stock unless in the manner prescribed in... | |
 | Jesse B. Hart - 1853 - 334 pages
...any dividend except from the surplus profits arising from the business of the corporation ; nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the company ; nor to reduce the capital stock, unless in the manner prescribed... | |
 | California, Selucius Garfielde, Frederick A. Snyder - 1853 - 1108 pages
...business of such corporation ; and it shall not be lawful for the Directors of any such company to divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of such company, or to reduce the said capital stock, without the consent of the... | |
 | New York (State). Board of Railroad Commissioners - 1895 - 682 pages
...not make dividends, except from the surplus profits arising from the business of such corporation ; nor divide, withdraw or in any way pay to the stockholders, or any of them, any part of the capital of such corporation, or reduce its capital stock, except as authorized by law. In case... | |
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