...for the trustees to make any dividend except from the net profits arising from the business of the corporation, nor divide, withdraw, or In any way pay...stockholders, or any of them, any part of the capital stock of the company, nor to reduce the capital stock of the company unless in the manner proscribed...

...represent a surplus of net worth over and above the amount of the capital stock outstanding at that time.5 The directors of a stock corporation shall not make...its capital stock, except as authorized by law. In event dividends are declared by the directors and paid out of the capital of the business, the responsible...

...so far as material, is as follows : "Liability of Directort for Making Unauthorized, Dividends. — The directors of a stock corporation shall not make dividends, except from the surplus profits arsing from the business of such corporation, nor divide, withdraw or in any way pay to the stockholders...

...except from surplus profits. It is further provided that the directors of any corporation shall not divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of such company, or to reduce the capital stock without the consent of the legislature. These...

...4205) forbidding corporations to pay dividends, except from net profits, or to .divide, withdraw, OP in any way pay to the stockholders, or any of them, any part of the capital stock of the company, a corporation having no surplus profits has no power to pay, or to assume liability...

...be paid at a price fixed by the Board of Directors, but otherwise the corporation shall not divide, or in any way pay to the stockholders, or any of them, any part of its capital stock, except according to this Chapter, and in case of any wilful or negligent violation...

...809). The directors of a corporation "shall not make dividends except from its surplus, or from the net profits arising from the business of such corporation...divide, withdraw, or in any way pay to the stockholders any part of the capital stock or reduce its capital stock except by law. No reduction of capital stock...

...declaration of dividends, Section 28, Article 3, of the New York State Corporation Law, provides as follows : The directors of a stock corporation shall not make...authorized by law. In case of any violation of the provision of this section, the directors under whose administration the same may have happened, except...

...corporation shall make dividends, except from the surplus or net profits arising from its business, nor divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this article, and in case of any...

...except from the net profits arising from the business of the corporation; nor to divide, withdraw, nor in any way pay to the stockholders, or any of them, any part of the capital stock of the company; nor to reduce the capital stock, unless in the manner prescribed in this act,...