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Page 103
... dividend shares . B. If the corporation has no surplus available for dividends , it may pay dividends out of its net profits for the then current or the preceding fiscal year or both ; except that no dividend shall be paid ( 1 ) at a ...
... dividend shares . B. If the corporation has no surplus available for dividends , it may pay dividends out of its net profits for the then current or the preceding fiscal year or both ; except that no dividend shall be paid ( 1 ) at a ...
Page 104
... dividend . I. Maurice Wormser , 3 So.L.Q. 281 ( Nov.1918 ) . Payment of dividends out of unreal- ized appreciation of notes , bonds or oth- er obligations for the payment of mon- ey . 8 La.L.Rev . 419 ( Mar.1948 ) . Recovery of illegal ...
... dividend . I. Maurice Wormser , 3 So.L.Q. 281 ( Nov.1918 ) . Payment of dividends out of unreal- ized appreciation of notes , bonds or oth- er obligations for the payment of mon- ey . 8 La.L.Rev . 419 ( Mar.1948 ) . Recovery of illegal ...
Page 105
... dividend " does not become a debt until profits have been earned and a declaration of dividends is made . It is a distribution of profits to adventurers in a common enterprise . Hercules Gas- oline Co. v . C. I. R. , C.C.A.1945 , 147 F ...
... dividend " does not become a debt until profits have been earned and a declaration of dividends is made . It is a distribution of profits to adventurers in a common enterprise . Hercules Gas- oline Co. v . C. I. R. , C.C.A.1945 , 147 F ...
Contents
Title of Act | 10 |
TITLE | 12 |
Chap Sec 1 BUSINESS CORPORATION LAW | 13 |
Copyright | |
16 other sections not shown
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Common terms and phrases
action agent agreement alleged amendment amount Ass'n assets authority Bank board of directors by-laws capital stock capital surplus charter Committee Comment-1968 contract corporation's court creditors Cross References Business debts defendant dissolution dividends elected entitled estopped ex rel executed filed foreign corporation History and Source holders incorporation insolvent issuance issued judgment L.Ed La.Ann La.App Law Review Commentaries liability Library References C.J.S. Library References Corporations liquidator Llano Del Rio Louisiana mandamus meeting ment merger mortgage Nonprofit corporations Notes of Decisions notice Orleans App owner paid par value parties payment person plaintiff pledged poration president Prior Laws proceedings purchase purpose ration receivership record References Business corporations registered office Renumbered from R.S.1950 rized Secretary service of process shareholders Source of Law statute stock certificate stockholders subscribers subscription suit surplus thereof tion transaction trust ultra vires valid vote voting trust