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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, while they shall respectively continue in office... "
Richmond's Book of Legal Forms and Law Manual: For the Legal Transaction of ... - Page 432
de Wellington Harrison Richmond - 1854 - 600 pages
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Laws of the State of New York, Volume 2

New York (State) - 1867 - 1404 pages
...carried on ; and, if the said directors shall fail so to do, all the directors 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. § 15. No person holding stock in said company as executor,...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

1856 - 532 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...existing, and for all that shall be thereafter contracted, so long as they shall respectively continue in office: Provided always, that the amount for which they...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1842 - 1396 pages
...affirmations; ancl if any of the said companies shall fail so to do, all the stockholders 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 notice shall be given. 26. And be it enacted, That if the directors of any such...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1847 - 954 pages
...and if any of said companies shall fail so to do, the president and directors of such company shall be jointly and severally liable for all the debts of the company then existing. 25. And be it enacted, That if the directors of any such renaitj for company shall declare and pay...
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Merchants' Magazine and Commercial Review, Volume 18

1848 - 688 pages
...trustees of any such company shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent,...shall respectively continue in office : Provided, That if any of the trustees shall object to the declaring of such dividend or to the payment of the...
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - 1848 - 672 pages
...company shall declare P1£TH0|I and pay any dividend when the company is insolvent, or any dividends" ' dividend, the payment of which would render it insolvent,...the company then existing, and for all that, shall he thereafter contracted, while they shall respectively continue in office : proTi»o. Provided, That...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volume 1

1848 - 718 pages
...trustees of any such company shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent,...shall be jointly and severally liable for all the debis of the company then existing, and for all that shall be thereafter contracted, while they shall...
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Journal of the Franklin Institute

1848 - 966 pages
...insolvent, or any dividend, the payment of which would render it insolvent, they shall be jointly anil severally liable for all the debts of the company...existing, and for all that shall be thereafter contracted, so long as they shall respectively remain in office: Provided, That if any of the directors shall be...
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Merchants' Magazine and Commercial Review, Volume 18

1848 - 694 pages
...trustees of any such company shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, or which would diminish ihe amount of its capital mock, they shall be jointly and severally liable for all the debts of the...
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Laws

Illinois - 1849 - 452 pages
...company shall declare and сазе of inaoi- pay any (iiv¡(jemi when the company is insolvent, or any dividend the payment of which would render it insolvent,...for all the debts of the company then existing, and lor all that shall be thereafter contracted, while they shall reProriso. speclively continue in office;...
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