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Page xlix
DIVIDENDS The provision of Section 34 which vests all of the corporate powers in the board of directors can be offered in support of the general rule that corporate dividends are payable in the discretion of the board of directors .
DIVIDENDS The provision of Section 34 which vests all of the corporate powers in the board of directors can be offered in support of the general rule that corporate dividends are payable in the discretion of the board of directors .
Page 147
Even when specifically proof such dividends out of a surplus aris- vided for , such authority is , by a coning from any ... the repayment of principal to the of a stock dividend out of a surplus in- holders of the preferred shares .
Even when specifically proof such dividends out of a surplus aris- vided for , such authority is , by a coning from any ... the repayment of principal to the of a stock dividend out of a surplus in- holders of the preferred shares .
Page 529
was Note 24 Term “ dividend " in this section means nied 56 S.Ct. 750 , 298 U.S. 667 , 80 L.Ed. portion of corporation's profits set apart 1390 ... St. Louis Motor Sales Co. , vation of dividends , dividends belong to 1931 , 255 Mich .
was Note 24 Term “ dividend " in this section means nied 56 S.Ct. 750 , 298 U.S. 667 , 80 L.Ed. portion of corporation's profits set apart 1390 ... St. Louis Motor Sales Co. , vation of dividends , dividends belong to 1931 , 255 Mich .
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Contents
Numerical Index to Titles and Chapters The Louisiana Business Corporations Law by Charles E Dunbar Jr and Eugene A Nabors | xxxi |
Guide to Formation of Business Corporations by Charles E Dunbar Jr and Walker B Spencer | lxxv |
Louisiana Revised Statutes of 1950 | lxxvii |
Copyright | |
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Common terms and phrases
action adopted agent alleged amendment amount appeal application appointment assets association authority Bank board of directors bonds by-laws capital stock cause certificate charter claim constitute contract corporation corporation's court creditors debts Decisions defendant dissolution dividends effect elected entitled evidence executed existence fact filed follows foreign corporation held History and Source hold holders incorporation interest issued judgment La.Ann Law Source liability limited liquidator Louisiana majority manager meeting ment Model mortgage necessary Note notice organized Orleans owner paid parties payment person plaintiff poration president proceedings purchase ration receiver record resolution Review rule Secretary secure shareholders shares Source of Law statute stockholders subscription suit thereof tion transfer trust Uniform unless valid vote