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" ... 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... "
The Federal Reporter: With Key-number Annotations ... - Page 699
1923
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 69

New Jersey. Court of Chancery - Law reports, digests, etc - 1907
...neither shall the holder thereof be, liable for any further payment under the provisions of this act; and 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." .? liobliinx. See, Receiver, v. Heppenheimer. (This last...
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 62

New Jersey. Court of Chancery - Law reports, digests, etc - 1902
...neither shall the holder thereof be liable for any further payment under the provisions of this act : and 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." Donald v. American Smelting, &c., Co. Under these provisions,...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 204

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 - Law reports, digests, etc - 1919
...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, the judgment of the directors as to the value of the property shall be conclusive. And in addition to the powers hereinbefore enumerated, every corporation...
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Annual Report of the Board of Railroad Commissioners of the State ..., Volume 3

New York (State). Board of Railroad Commissioners - Railroads - 1907
...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 as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation, by...
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The Federal Reporter, Volume 119

Law reports, digests, etc - 1903
...shall the holder thereof be liable for any further payment under any of the provisions of this act; and 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; and in all statements and reports of the corporation to...
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Atlantic Reporter, Volume 84

Law reports, digests, etc - 1913
...shall the holders thereof be liable for any further payment under any of the provisions of this act; and 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." These sections have been so often construed by our highest...
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The Atlantic Reporter, Volume 69

Law reports, digests, etc - 1908
...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, the judgment of the directors as to the value of the property purchased shall be conclusive. Section 50 (page 21)4) authorizes jesis, etc., companies...
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The South Western Reporter, Volume 254

Law reports, digests, etc - 1924
...wholly or partly, by cash, by labor done, by personal property, or by real property or leases thereof," and, "in the absence of actual fraud in the transaction,...property, real estate, or leases, shall be conclusive." Appellees pleaded this provision of the law, as well as the constitutional provision of that state...
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Harvard Law Review, Volume 22

Electronic journals - 1909
...shall the holder thereof be liable for any further payment under any of the provisions of this act; and 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." In Donald v. American Smelting Co- 2 the Court of Errors...
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The Southwestern Reporter, Volume 179

Law reports, digests, etc - 1916
...stock so issued shall be full paid stock and j not liable to any further call or payment thereon ; and in- the absence of actual fraud in the transaction, the judgment of the directors as to the value of the • * * services rendered, shall be conclusive." Chapter 47, 87: "The capital stock subscribed...
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