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" ... shall not have been paid thereon, the deficiency shall be payable before any dividends shall be paid upon or set apart for the common stock. "
Corporation Procedure: Law, Finance, Accounting - 1428. lappuse
autors: Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton - 1922 - 1689 lapas
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Reports of Cases Decided in the Court of Chancery of the State ..., 63. sējums

New Jersey. Court of Chancery - 1903 - 930 lapas
...paid or set apart, so that if any year, dividends amounting to seven per cent, shall not have been paid thereon, the deficiency shall be payable before...be paid upon •or set apart for the common stock." And as to the rights on winding up, it was also, by the same article 4, provided : "In the event of...
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The Atlantic Reporter, 53. sējums

1903 - 1156 lapas
...paid or set apart, so that. If any year dividends amounting to seven per cent, shall not have been paid thereon, the deficiency shall be payable before...shall be paid upon or set apart for the common stock. * * *" And as to the rights on winding up, it was also by the same article 4 provided: "In the event...
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The Statutory and Case Law Applicable to Private Companies Under the General ...

New Jersey - 1899 - 422 lapas
...preferred stock, the deficiency shall be a charge on the net profits and be payable, but without interest, before any dividends shall be paid upon or set apart for the common stock. (4) The balance of the net profits of the corporation, after the payment of said cumulative dividend...
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New Secretary's Manual: A Compendium of Forms, Instruction, and Legal ...

William Austen Carney - 1899 - 274 lapas
...preferred stock, the deficiency shall be a charge on the net profits and be payable, but without interest, before any dividends shall be paid upon or set apart for the common stock. (4) The balance of the net profits of the corporation after the payment of said cumulative dividend...
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The Statutory and Case Law Applicable to Private Companies: With Special ...

James Brooks Dill - 1901 - 444 lapas
...preferred stock, the deficiency shall be a charge on the net profits and be payable, but without interest, before any dividends shall be paid upon or set apart for the common stock. (4) The balance of the net profits of the corporation after the payment of said cumulative dividend...
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The Manual for Statistics: Stock Exchange Hand-book ...

Charles M. Goodsell, Henry E. Wallace - 1901 - 976 lapas
...been paid on the preferred, the deficiency shall be payable before any dividends shall be payable on the common stock. Whenever all cumulative dividends on the preferred stock for previous years shall have been declared and become payable, and the accrued quarterly instalments for...
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A Manual of the Business Corporation Law of Massachusetts

Charles Nathan Harris, Grosvenor Calkins - 1903 - 274 lapas
...net earnings over and above the amount reserved as working capital, and be payable, with interest, before any dividends shall be paid upon or set apart for the common stock. In the event of the dissolution of the corporation, or the distribution of its assets, the holders...
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A Manual of Corporate Organization: Containing Information, Directions and ...

Thomas Conyngton - 1904 - 362 lapas
...paid or set apart; so that, if in any year dividends amounting to seven per cent, shall not have been paid thereon, the deficiency shall be payable before...all cumulative dividends on the preferred stock for ail previous years shall have been declared and shall have become payable, and the accrued quarterly...
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Modern Business Corporations, Including the Organization and Management of ...

William Allen Wood - 1906 - 382 lapas
...paid or set apart; so that, if in any year dividends amounting to seven per cent, shall not have been paid thereon, the deficiency shall be payable before...shall have become payable, and the accrued quarterly instalments for the current year shall have been declared and the company shall have paid such cumulative...
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A Treatise on the Incorporation and Organization of Corporations: Created ...

Thomas Gold Frost - 1906 - 736 lapas
...be paid or set apart ; so that, if in any year dividends amounting to per centum shall not have been paid thereon, the deficiency shall be payable before...the common stock. Whenever all cumulative dividends upon the preferred stock for all previous years shall have been declared and shall have become payable,...
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