Cases on Private CorporationsBobbs-Merrill Company, 1925 - 933 pages |
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Page vii
... creditor and corporation . The trust fund theory-- . 2. Relation between creditor and director . PAGE . 778 799 A. At common law ---- . 799 B. By statute . Statutory liability of directors to creditors ----- 813 3. Relation between creditor ...
... creditor and corporation . The trust fund theory-- . 2. Relation between creditor and director . PAGE . 778 799 A. At common law ---- . 799 B. By statute . Statutory liability of directors to creditors ----- 813 3. Relation between creditor ...
Page 25
... creditors of the Aronia Fabric Co. , embracing all unpaid creditors of the latter except Dienelt & Eisenhardt ; that the stockholders in the old company paid no cash for their stock in the new one , but the property was turned over to ...
... creditors of the Aronia Fabric Co. , embracing all unpaid creditors of the latter except Dienelt & Eisenhardt ; that the stockholders in the old company paid no cash for their stock in the new one , but the property was turned over to ...
Page 26
... creditors are about to be cheated , " says Chief Justice Black , in Kaine v . Weig- ley , 22 Pa . 183 , " it is very ... creditors except these particular parties . This was a perfectly legal transaction . If this transferring was not ...
... creditors are about to be cheated , " says Chief Justice Black , in Kaine v . Weig- ley , 22 Pa . 183 , " it is very ... creditors except these particular parties . This was a perfectly legal transaction . If this transferring was not ...
Page 27
... creditors . The only real difficulty in the present case is whether the stockholders are so completely severed , in the view of the law , from the corporation behind which they hide , as to prevent a creditor from asserting their ...
... creditors . The only real difficulty in the present case is whether the stockholders are so completely severed , in the view of the law , from the corporation behind which they hide , as to prevent a creditor from asserting their ...
Page 28
... creditors , and that , as to the Aronia creditors who became new stockholders in the Montgomery company , they took with such notice as prevents them from claiming now as innocent holders for value against the appellants as execution ...
... creditors , and that , as to the Aronia creditors who became new stockholders in the Montgomery company , they took with such notice as prevents them from claiming now as innocent holders for value against the appellants as execution ...
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Common terms and phrases
action affirmed agent agreement alleged amount appellant appellee applied articles of association assets association authority bill board of directors bonds by-laws capital stock certificate charter claim complainant contract corporation court of equity creditors debt decision declared defendant demurrer dividend duty enforce entitled equity estopped estoppel executed exercise existence fact franchise fraud held hold holders incorporation individual interest issued joint stock companies judgment Justice Law Rev lease liability memorandum of association ment mortgage N. J. Eq National Bank officers opinion organized owner paid pany par value parties payment persons Perun plaintiff plaintiff in error poration preferred stock profits provisions purchase purpose question railroad company received recover referred rule secure sell shareholders statute stockholders subscribed subscription suit thereof tion transaction transfer trust ultra vires valid void vote
Popular passages
Page 292 - To exercise by its board of directors or duly authorized officers or agents subject to law all such incidental powers as shall be necessary to carry on the business of banking by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page 600 - No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void.
Page 58 - Columbia, or to any foreign country, any article or commodity, other than timber and the manufactured products thereof, manufactured, mined, or produced by it, or under its authority, or which it may own in whole or in part, or in whicn it may have any interest, direct, or indirect...
Page 105 - 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. These are such as are supposed best calculated to effect the object for which it was created. Among the most important are immortality, and, if the expression may be allowed, individuality; properties, by which a perpetual...
Page 242 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 532 - 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 18 - When construing and enforcing the provisions of this act, the act, omission, or failure of any officer, agent, or other person acting for or employed by any...
Page 130 - Every such increase or reduction must be authorized either by the unanimous consent of the stockholders, expressed in writing and filed in the office of the secretary of state and in the office of the clerk of the county in which the...
Page 328 - The objection, that a contract is immoral or illegal as between plaintiff and defendant, sounds at all times very ill in the mouth of the defendant.
Page 174 - ... a copy thereof, duly certified by the secretary of state, under the great seal of the State of Ohio, shall be evidence of the existence of such company.