Law Session: 1903

1903 public laws – Ch.536 Sec.3

0 Comment

No dividend shall be made by any company incorporated in this State when its capital stock is impaired, or when the making of such dividend would have the effect of impairing its capital stock; and any dividend so made shall subject the stockholders receiving the same to a joint and several liability to the creditors…

The On the Books website is a product of a digital scholarship project and will not be maintained in perpetuity. The site will be reviewed December 31, 2024. Depending on use, funding, and maintenance required, the site may be decommissioned and archived at that time. The text corpora created for this project will be preserved in the Carolina Digital Repository.
Proudly powered by WordPress | Theme: Shree Clean by Canyon Themes.