 | New York (State) - 1829 - 826 pages
...intent of enabling any stockholder to withdraw any part of the money paid in by him, on his stock : 5. To apply any portion of the funds of their corporation...indirectly to the purchase of shares of its own stock : 0. To receive any sucli shares in payment or satisfaction of any debt due to their corporation, except... | |
 | T. M. Lalor, New York (State). Supreme Court - 1833 - 712 pages
...shall not be lawful for the directors of any monied corporation to apply any portion of their funds, except surplus profits, directly or indirectly to the purchase of shares of its own stock. This provision was not in the statute of one thousand eight hundred and twentyfive. It is perhaps unfortunate... | |
 | United States. Congress. House - 1841 - 624 pages
...the said directors apply, or suffer to be applied, any portion of the funds of the said corporation, directly or indirectly, to the purchase of shares of its own stock ; nor shall the said directors, or any of them, receive, as a security for any loan or discount . or... | |
 | Nicholas Hill, New York (State). Supreme Court - 1845 - 726 pages
...enabling any stockholder to withdraw any part of the money paid in by him, on his Slock: 5. To apply any of the funds of their corporation, except surplus...indirectly, to the purchase of shares of its own stock : 6. To receive any such shares in payment or satisfaction of any debt due to their corporation, except... | |
 | Samuel Owen - 1848 - 488 pages
...by the plaintiff, in support of his claim to the relief sought, are, first, that which declares that "it shall not be lawful for the directors of any monied...indirectly, to the purchase of shares of its own stock," (1 RS 589, § 1, sub. 5, 1 ed.) and, second, that which declares that " no conveyance, assignment or... | |
 | New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Samuel Hand, Hiram Edward Sickels, Edward Jordan Dimock, Edmund Hamilton Smith, Edwin Augustus Bedell, Louis J. Rezzemini, Alvah S. Newcomb, James Newton Fiero - 1850 - 614 pages
...other creditors of the company," and of the same statute, p. 589, § 1, subd. 5, forbidding directors " to apply any portion of the funds of their corporation,...indirectly to the purchase of shares of its own stock," do not, nor do either of them, apply to companies incorporated under the general banking law. (1.)... | |
 | New York (State). Board of Railroad Commissioners - 1907 - 796 pages
...any part of the money paid in by him on his stock; or, 5. To apply any portion of the funds of such corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock; or, 6. (Repealed by chapter 588, Laws of 1901.) 7. (Repealed by chapter 588, Laws of 1901.) Is guilty... | |
 | John Cleaveland - 1857 - 452 pages
...intent of enabling any stockholder to withdraw any part of the money paid in by him, on his stock : 5. To apply any portion of the funds of their corporation,...indirectly, to the purchase of shares of its own stock : 6. To receive any such shares in payment or satisfaction of any debt due to their corporation, except... | |
 | Francis Edward Cornwell - 1859 - 702 pages
...the money paid in by him on his stock ; 5. To apply any portion of the funds of the incorporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock ; 6. To receive any such shares in payment or satisfaction of any debt due to their corporation, except... | |
 | New York (State) - 1863 - 1036 pages
...intent of enabling any stockholder to withdraw any part of the money paid in by him, on his stock: 5. To apply any portion of the funds of their corporation...indirectly to the purchase of shares of its own stock: e. To receive any such shares in payment or satisfaction of any debt due to their corporation, except... | |
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To apply any portion of the funds of such corporation, except surplus profits, directly or indirectly, to the purchase of shares of its own stock ; or 6. 
