American Law Reports Annotated, Svazek 55Lawyers Co-operative Publishing Company, 1928 |
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Strana 19
... bank , which result could not be secured if divi- dends were permitted to be declared out of profits in preference to sur- plus ; and that , whenever third per- sons or the public have an interest in having done that which is pre ...
... bank , which result could not be secured if divi- dends were permitted to be declared out of profits in preference to sur- plus ; and that , whenever third per- sons or the public have an interest in having done that which is pre ...
Strana 33
... bank unquestionably solvent , have been held to be properly included among the assets for dividend purposes.65 And where new notes were given to a bank by different parties , and the old ob- ligations , which had been discounted such ...
... bank unquestionably solvent , have been held to be properly included among the assets for dividend purposes.65 And where new notes were given to a bank by different parties , and the old ob- ligations , which had been discounted such ...
Strana 34
... bank of dis- count , in which the assets of the bank consisted largely of notes discounted and in renewals thereof ; and in the usual prosecution of the business it might frequently happen that exten- sions and accommodations to its cus ...
... bank of dis- count , in which the assets of the bank consisted largely of notes discounted and in renewals thereof ; and in the usual prosecution of the business it might frequently happen that exten- sions and accommodations to its cus ...
Strana 37
... bank . " 72 City of Glasgow Bank v . Mackin- non ( 1881 ) 9 Sc . Sess . Cas . 4th series , 535. It was held that a director of the corporation , a bank , was not lia- ble as for payment of dividends out of capital , but the case turns ...
... bank . " 72 City of Glasgow Bank v . Mackin- non ( 1881 ) 9 Sc . Sess . Cas . 4th series , 535. It was held that a director of the corporation , a bank , was not lia- ble as for payment of dividends out of capital , but the case turns ...
Strana 38
... bank as solvent and the debts of the bank good and collectable ; the court or jury should place itself as nearly as possible in the place of the managers of the bank at the time the dividends were paid , and decide whether the debts ...
... bank as solvent and the debts of the bank good and collectable ; the court or jury should place itself as nearly as possible in the place of the managers of the bank at the time the dividends were paid , and decide whether the debts ...
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