 ... in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive...  Atlantic Reporter - Sida 151913Obegränsad förhandsgranskning - Om den här boken
 | New Jersey. Court of Chancery - 1907 - 930 sidor
...liable to any further call, neither shall the holder thereof be, liable for any further payment under the provisions of this act; and in the absence of...value of the property purchased shall be conclusive." .? liobliinx. See, Receiver, v. Heppenheimer. (This last clause is n6t found in the act governing the... | |
 | New Jersey. Court of Chancery - 1902 - 894 sidor
...American Smelting, &c., Co. 3. After stock has been issued as full-paid stock for property purchased, the judgment of the directors as to the value of the property becomes conclusive, in the absence of actual fraud in the transaction, and such stock is not liable... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1919 - 800 sidor
...payment under any of the provisions of this act, except the liability imposed by section twenty-nine; and in the absence of actual fraud in the transaction,...judgment of the directors as to the value of the property shall be conclusive. And in addition to the powers hereinbefore enumerated, every corporation organized... | |
 | New York (State). Board of Railroad Commissioners - 1907 - 796 sidor
...thereof be liable for any further payment under any of the provisions of this act; and iu the absence of fraud in the transaction the judgment of the directors...value of the property purchased shall be conclusive; and in all statements and reports of the corporation, by law required to be published or filed, this... | |
 | 1903 - 1116 sidor
...stock so Issued shall be full-paid stock and not liable to any further call, neither shall the holder thereof be liable for any further payment under any...value of the property purchased shall be conclusive; and in all statements and reports of the corporation to be published or filed this stock shall not... | |
 | 1913 - 1140 sidor
...those laws. Section 48 of the corporation act (PL 1896, p. 293) prescribes "that nothing but money of the capital stock * • * except as' hereinafter...Donald v. American Smelting Co., 62 NJ Eq. 729, 48 Atl. 771, 1116; Volney v. Nixon, 68 NJ Eq. 605, 60 Atl. 189; See v. Heppenheimer, 69 NJ Eq. 36, 61 Atl.... | |
 | 1908 - 1156 sidor
...for its business, and issue stock to the amount of the value thereof in payment therefor ; and that, in the absence of actual fraud in the transaction,...value of the property purchased shall be conclusive. Section 50 (page 21)4) authorizes jesis, etc., companies to issue their capital stock for property... | |
 | 1910 - 1132 sidor
...subscriptions consists, and that It has an actual value equal to the amount for which It Is so received. The Judgment of the directors as to the value of the property accepted as payment of stock shall be final ; but the directors concurring In the Judgment of such... | |
 | 1917 - 1170 sidor
...purchased by such corporation and, in the absence of fraud In the transaction, the judgment of the board of directors as to the value of the property purchased shall be conclusive; and further that, when a receiver of the assets of such a corporation has been appointed, all unpaid... | |
 | 1909 - 672 sidor
...stock so issued shall be full paid stock and not liable to any further call, neither shall the holder thereof be liable for any further payment under any...value of the property purchased shall be conclusive." In Donald v. American Smelting Co- 2 the Court of Errors and Appeals (speaking by Dixon, J.) construed... | |
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