Capital Stock Without Par ValueA. W. Shaw Company, 1928 - 553 pages |
Common terms and phrases
aggregate amended by Laws amendment thereof amount of capital articles of incorporation authorized capital stock balance sheet board of directors capital account capital stock account capital surplus cash dividends certificate of incorporation Changes in Capitalization Chapter classes of stock Classification of Shares Code common shares common stock consideration received consolidation corporation having shares Corporation Law corporation organized creditors debts declared deficit distribution earnings exchange face value filing fixed holders increase issue shares liabilities liquidation no-par shares no-par stock no-par-value nominal or par number of shares outstanding shares paid-in par value payment poration preferred shareholders preferred shares preferred stock prescribed profits purpose redemption reduced represented respect secretary Section shares issued shares of stock shares without nominal shares without par stock dividend stock issued stock without nominal stockholders subscribed thereto tion treasury stock unissued value of shares value per share voting powers
Popular passages
Page 334 - To divide, withdraw, or in any manner pay to the stockholders, or any of them, any part of the capital stock of the corporation ; or to reduce such capital stock without the consent of the legislature ; or 3.
Page 412 - ... create debts beyond their subscribed capital stock, or reduce or increase the capital stock, except as hereinafter specially provided. For a violation of the provisions of this section, the Directors under whose administration the same may have happened (except those who may have caused their dissent therefrom to be entered at large on the minutes of the...
Page 307 - In case of any violation of the provisions of this section, the directors under whose administration the same may have happened, except those who may have caused their dissent therefrom to be entered at large upon the minutes of such directors...
Page 440 - ... in the absence of fraud In the transaction the Judgment of the directors as to the value of the property purchased shall be conclusive...
Page 15 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law. it possesses only those properties which the charter of its creation confers upon it, either expressly, or as incidental to its very existence.
Page 419 - Provided, that this section shall not be construed to prevent a division and distribution of the capital stock of the company, which shall remain after the payment of all its debts, upon the dissolution of the corporation or the expiration of its charter.
Page 185 - ... or more) in respect to every issued share without par value, plus such amounts as, from time to time, by resolution of the board of directors, may be transferred thereto;
Page 346 - To make a dividend, except from the surplus profits arising from the business of the corporation, and in the cases and manner allowed by law ; or. 2. To divide, withdraw, or in any manner pay to the stockholders, or any of them, any part of the capital stock of the...
Page 395 - ... but nothing in this subdivision contained shall be construed as preventing the removal of such occupant in any other lawful manner...
Page 315 - ... shall be jointly and severally liable to the corporation for the amount of such excess so declared and credited.