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" No note or obligation given by any stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock... "
Acts of the General Assembly of the State of New Jersey - Page 135
by New Jersey - 1874
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Laws of the State of New York, Volume 2

New York (State) - Law - 1867 - 1404 pages
...shall be transferable in such manner as the by-laws shall prescribe. Money only g 4, Nothing but money shall be considered as payment of any part of the capital stock, except that the directors of said company may purchase lands, docks, water rights, lands under water...
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 62

New Jersey. Court of Chancery - Law reports, digests, etc - 1902 - 894 pages
...sections 48 and 49 of our Corporation act. PL of 1896 p. 277. They run as follows : "48. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase...
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The General Laws, from the Adoption of the Constitution, [1780] to ..., Volume 3

Massachusetts - 1832 - 946 pages
...obligation given by any stockholder, whether secured by a pledge, of the stock in such corporation, or otherwise, shall be considered as payment of any part of the capital stock, until such notes or obligations shall have been actually paid ; and no loan of money shall be made...
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Acts of the General Assembly of the State of New Jersey

New Jersey - Session laws - 1842 - 1396 pages
...obligation given by No loan to be any stockholder, whether secured by any pledge or otherwise, {JJJj Btock" shall be considered as payment of any part of the...made to a stockholder therein; and if any such loan shall be made to a stockholder, the officers who shall make it, or who shall assent thereto, shall...
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Journal of the Proceedings of the Legislative-Council of the State of New-Jersey

New Jersey. Legislature. Legislative Council - 1842 - 430 pages
...given by any stockholder of said company, whether secured by a pledge of the stock in said company or otherwise, shall be considered as payment of any part of the capital stock, until such note or obligations »hall have been actually paid. The yeas and nays being required to...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - Law - 1844 - 690 pages
...note or obligation given by any stockholder, whether secured by a pledge of the stock in said company, or otherwise, shall be considered as payment of any part of the capital stock, until such notes or obligations shall have been actually paid ; and no loan of money shall be made...
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Acts of the General Assembly of South-Carolina

South Carolina - Session laws - 1846 - 60 pages
...or obligation given by any stockholder, whether secured by a pledge of the stock in such corporation or otherwise, shall be considered as payment of any part of the capital stock, until such notes or obligations shall have been actually paid. rfiock how V. That the capital stock...
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Acts of the General Assembly of the State of New Jersey

New Jersey - Session laws - 1847 - 954 pages
...stockholders shall be liable to refund any dividend unlawfully made and received by them. penaityfoc 26. And be it enacted. That no note or obligation given...made to a stockholder therein ; and if any such loan shall be made to a stockholder, the officers who shall make it, or who shall assent thereto, shall...
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - Law - 1848 - 672 pages
...be exempt from the said liability. § 14. Nothing but money shall be considered as payment stock to of any part of the capital stock, and no loan of money shall j"necp^. be made by any such company to any stockholder therein ; and if any such loan shall be made...
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Acts of the General Assembly of South-Carolina

South Carolina - Session laws - 1848 - 104 pages
...stockholder, whether secuftd by a pledge of the stock in such. corporation, or In any other manner, shall be considered as payment of any part of the capital stock. Debts not to ex- ^V. The total amount of debts which such corporations shall at any time owe * Capita!....
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