Laws of Maine Concerning Business Corporations (annotated) with the Liberal Changes of 1901: Directions for Organization, Complete FormsKennebec journal print, 1902 - 64 pages |
From inside the book
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Page
... Court would hold the rule of that case to be applicable . If in doubt upon this point , counsel could frame a clause for insertion in the certificate expressly stating that the liability of stockholders is to be determined solely by the ...
... Court would hold the rule of that case to be applicable . If in doubt upon this point , counsel could frame a clause for insertion in the certificate expressly stating that the liability of stockholders is to be determined solely by the ...
Page 12
... court or repeal by special act of the legislature . R. S. Ch . 46 , Sec . 23. Acts of incorporation , passed since ... courts of any power which they have at common law over a corporation or its officers . NOTE . This section was enacted ...
... court or repeal by special act of the legislature . R. S. Ch . 46 , Sec . 23. Acts of incorporation , passed since ... courts of any power which they have at common law over a corporation or its officers . NOTE . This section was enacted ...
Page 13
... thereon . NOTE . This statute was enacted to remove a doubt raised by the court in Franklin Company vs. Lewiston Institution for Savings , 68 Me . , 43 . rights . Preferred or other stocks . Changes in charter . -fee 13.
... thereon . NOTE . This statute was enacted to remove a doubt raised by the court in Franklin Company vs. Lewiston Institution for Savings , 68 Me . , 43 . rights . Preferred or other stocks . Changes in charter . -fee 13.
Page 16
... court of this state , to prove who are stockholders in such corporation and the amount of stock held by each stockholder . Such records and stock book shall be open at all reasonable hours to the inspection of persons interested ...
... court of this state , to prove who are stockholders in such corporation and the amount of stock held by each stockholder . Such records and stock book shall be open at all reasonable hours to the inspection of persons interested ...
Page 22
... court , or , if no bill is filed as aforesaid , the action of the corporation , as provided in the preceding section , shall be conclusive upon all parties , whether stockholders or creditors , and such reduction shall not create any ...
... court , or , if no bill is filed as aforesaid , the action of the corporation , as provided in the preceding section , shall be conclusive upon all parties , whether stockholders or creditors , and such reduction shall not create any ...
Other editions - View all
Laws of Maine Concerning Business Corporations (Annotated): With the Liberal ... Herbert M. Heath No preview available - 2015 |
Laws of Maine Concerning Business Corporations (Annotated): With the Liberal ... Herbert M. Heath No preview available - 2017 |
Laws of Maine Concerning Business Corporations (Annotated) with the Liberal ... Herbert Milton Heath No preview available - 2016 |
Common terms and phrases
amended amount of stock amount unpaid annual franchise tax Augusta Board of Directors by-laws capital stock cent certificate of organization charter fee $65 clerk commencing business Corporate life unlimited corporate purposes counsel court cumulative voting Delaware dividends domestic commerce election entire capital exceed filed Foreign corporations pay full paid Heath & Andrews hold stocks holders Increase in subsequent issue preferred stock Jersey laws of Maine lawyer less personal liability liable to creditors limit to amount Maine charter fee Maine or West Maine tax $25 Meetings of stockholders non-residents organization certificate organization fees organized in Maine pamphlet par value payment poration power of attorney power to hold Preferred stock permitted provision proxies R. S. Ch records registry of deeds residents rule secretary secure perpetual corporate shares statutory stock issued stockholder is liable subscription tion transaction Treasurer West Virginia wholly in interstate ΙΟ
Popular passages
Page 18 - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 48 - Each stockholder of any company formed under this act shall be individually liable to the creditors of such company, to an amount equal to the amount unpaid on the stock held by him...
Page 13 - Any corporation may purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of indebtedness created by any other corporation or corporations of this or any other state, and while owner of such stock may exercise all the rights, powers and privileges of ownership, including the right to vote thereon.
Page 24 - Any corporation formed under this act may purchase mines, manufactories or other property necessary for its business, or the stock of any company or companies owning, mining, manufacturing or producing materials or other property necessary for its business, and issue stock to the amount of the value thereof in payment therefor...
Page 24 - ... 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...
Page 14 - ... come to his knowledge, to the overseers of the poor of the town or district, at or nearest to which such vessel shall arrive, who shall record the same in a book kept for that purpose in their office.
Page 11 - Where the whole capital of a Corporation shall not have been paid in, and the capital paid shall be insufficient to satisfy the claims of its creditors, each stockholder shall be bound to pay, on each share held by him, the sum necessary to complete the amount of such share, as fixed by the Charter of the Company, or such proportion of that sum as shall be required to satisfy the debts of the Company.
Page 45 - Act, and to such regulations, being not inconsistent with the aforesaid regulations or provisions, as may be prescribed by the company in general meeting ; but no regulation made by the company in general meeting shall invalidate any prior act of the directors which would have been valid if such regulation had not been made.
Page 5 - Nothing herein shall exempt the stockholders of any corporation from individual liability to the amount of the unpaid installments on the stock owned by them...
Page 46 - To appoint any person or persons to accept and hold in trust for the company any property belonging to the company, or in which it is interested, or for any other purpose, and to execute and do all such duties and things as may be requisite in relation to any such trust.