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" 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 511
1903
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Auditing: A Practical Manual for Auditors

Lawrence Robert Dicksee - 1905 - 398 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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Miscellaneous Reports. Cases Decided in the Courts of Record of ..., Volume 45

New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - 1905 - 760 pages
...not make dividends, except from the surplus profits arisingfrom 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 Supreme Court, December, 1904. [Vol. 45. stock,...
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Cases Determined in the Supreme Court of Washington, Volume 37

Washington (State). Supreme Court, Arthur Remington, Solon Dickerson Williams - 1905 - 870 pages
...trustees to make any dividend except from the net profits arising from the business of the corporation, nor 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 of the company unless in the manner...
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General Corporation Law: As Amended, 1905

Nevada - 1905 - 62 pages
...except from the net profits arising from the business of the corporation; nor to divide, withdraw, nor 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...
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Documents of the Senate of the State of New York, Volume 2

New York (State). Legislature. Senate - 1906 - 1380 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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Arnold's Guide for Business Corporations in the State of New York ...

Joseph Alfred Arnold - 1907 - 238 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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Revisal of 1908 of North Carolina: Being the Public and General ..., Volume 1

North Carolina - 1908 - 1482 pages
...arising from its business, nor when its debts, whether due or not, shall exceed two-thirds of its assets, nor divide, withdraw, or in any way pay to the stockholders,...reduce its capital stock, except according to this chapter, and in case of any violation of the provisions of this section, the directors under whose...
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Popular Law Library, Putney...

Albert H. Putney - 1908 - 408 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 of...
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Partnership. Private corporations. Public corporations

Albert Hutchinson Putney - 1908 - 416 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 of...
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A Selection of Cases on the Law of Private Corporations

Leslie Jay Tompkins - 1908 - 1188 pages
...except from surplus profits. It is further provided that the directors of any corporation shall not 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 capital stock without the consent of the legislature....
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