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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,... "
A National Incorporation Law - 116. lappuse
autors: Horace La Fayette Wilgus - 1904 - 134 lapas
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Session Laws and Resolutions

North Carolina - 1901 - 1214 lapas
...debts, whether due or not, shall exceed two-thiirds of its assets, nor divide, withdraw.or in anyway pay to the stockholders, or any of them, any part of its capital stock, or reduce lits capital stock, except according to this act, and in case of any violation of...
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Cases on the General Principles of the Law of Private Corporations, 2. sējums

Horace La Fayette Wilgus - 1902 - 1056 lapas
...dividends of property 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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Laws of the State of Delaware

Delaware - 1903 - 568 lapas
...arising from its business. Dividends may be paid in cash or capital stock at par, but otherwise the corporation shall not divide, withdraw, or in any...stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this Act, and in case Reduction of of any violation...
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The General Corporation Act of New Jersey

New Jersey - 1903 - 290 lapas
...corporation shall make dividends, except from the surplus or net profits arising from its business, nor divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this act, and in case of any violation of the...
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Report to the Secretary of the Interior

Alaska. Governor - 1903 - 110 lapas
...make any dividend, except from the net profits arising from the business of the corporation, or to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the corporation, or to reduce the capital stock of the corporation unless in the...
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Road Laws of the State of Washington: Including Laws Passed at the Session ...

Washington (State) - 1903 - 1324 lapas
...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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The Pacific Reporter, 73. sējums

1903 - 1180 lapas
...directly contrary to the provisions of section 42G5, 1 Ballinger's Codes & St., which make it unlawful to "in any way pay to the stockholders or any of them any part of the capital stock of the company." It is alleged that creditors held indebtedness against the corporation...
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The New York Supplement, 83. sējums

1903 - 1220 lapas
...its business, and further prohibits the corporation from dividing, withdrawing, or in any way paying to the stockholders, or any of them, any part of its capital stock, except in accordance with the provisions of the act. It then provides that the directors under...
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Reports of Cases Heard and Determined in the Appellate Division ..., 85. sējums

New York (State). Supreme Court. Appellate Division - 1903 - 758 lapas
...its business, and further prohibits the corporation from dividing, withdrawing or in any way paying to the stockholders, or any of them, any part of its capital stock, except in accordance with the provisions of the act. It then provides that the directors, under...
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The Corporation Laws of California: Containing All Provisions of the ...

William Irvin Brobeck - 1904 - 1434 lapas
...the business of such corporation; and it shall not be lawful for the directors of any such company to 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 said capital stock without the consent of the legislature;...
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