 | Great Britain, Charles Favell Forth Wordsworth - 1859 - 172 pages
...to be insolvent, or any dividend the payment of which would to their knowledge render it insolvent, they shall be jointly and severally liable for all...they shall respectively continue in office : Provided always, that the amount for which they shall all be so liable shall not exceed the amount of such dividend... | |
 | New York (State) - 1859 - 1348 pages
...company shall declare and pay any dividend without having the cash in hand, duly earned, to pay the same, they shall be jointly and severally liable for all...the company then existing, and for all that shall hereafter be contracted while they shall respectively continue in office ; provided that if any of... | |
 | Missouri - 1859 - 164 pages
...when the corporation is insolvent, or any dividend, the payment of which would render it insolvent, they shall be jointly and severally liable for all the debts of the corp<iration then existing, and for all that shall be thereafter contracted, as long as they shall... | |
 | Canada - 1859 - 704 pages
...severally liable, as well to the Company as to the individual Share holders and Creditors thereof, for all the debts of the Company then existing, and for all thereafter contracted during their continuance in office, respectively; but if any Director, present... | |
 | 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 - 1859 - 662 pages
...all the trustees of the company shall be jointly and severally liable for all the Garrison v. Howe. debts of the company then existing, and for all that shall be contracted before such report shall be made." (ยง 12.) There was a failure to make a report in January,... | |
 | Nathan Howard (Jr.) - 1860 - 608 pages
...pro^vides that if any company shall omit to make such report, all the trustees of the company shall be jointly and severally liable for all the debts...the company then existing, and for all that shall be contracted before such report shall be made. The complaint avers that the defendant omitted to make... | |
 | Oliver Lorenzo Barbour - 1860 - 716 pages
...said companies shall fail to make and publish such statement, all the trustees of the company shall be jointly and severally liable for all the debts...the company then existing, and for all that shall be contracted before such report shall be made." This is a penalty imposed for neglect of duty. The penalty... | |
 | David Price Belknap - 1860 - 778 pages
...reduce the amount of the capital stock, all the directors or trustees voting to declare the same, shall be jointly and severally liable for all the debts of the company then existing.1 If any certificate, report made, or public notice given, by the officers of any such company,... | |
 | 1860 - 208 pages
...material representation, all the directors who shall have signed the same, knowing it to be false, shall be jointly and severally liable for all the debts of the company contracted while they were directors thereof. <$ 18. This act shall take effect immediately. stock... | |
 | Massachusetts - 1860 - 1158 pages
...false in any material representation, all the officers who signed the same knowing it to be false shall decla K contracted while they were stockholders or officers thereof. SECT. 31. When any of the officers of... | |
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... shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted... 
