... shares ; and upon its dissolution or termination, to his proportion of the property that may remain of the corporation after the payment of its debts. This is a distinct independent interest or property, held by the shareholder like any other property... Reports of Cases Heard and Determined by the Supreme Court of South Carolina - Page 189by South Carolina. Supreme Court, J. S. G. Richardson, Robert Wallace Shand, Cyprian Melanchthon Efird, William Hay Townsend, Duncan C. Ray, William Munro Shand - 1916Full view - About this book
| Commerce - 1866 - 978 pages
...ihf owners. The interest of the shareholder entitles him to participate in the net prufl s earned (>y the bank in the employment of its capital during the existence of Ite charter, in prtiporti'-n tc the number of his shares, and upon its dissolution or termination,... | |
| William B. Dana - Commerce - 1866 - 496 pages
...increase, or losses from its decrease; but in no legal sense are the individual ш em be ts the owners. The interest of the shareholder entitles him to participate in the net profi s earned by the bank in the employment of its capital during the existence of It» charter, in... | |
| Michigan. Constitutional Convention - Constitutional conventions - 1867 - 728 pages
...net profit earned by the bank, in the employment of it capital, during the existence of its charter n proportion to the number of his shares; and upon its...termination, to his proportion of the property that may emain of the corporation, after the payment if its debts. This is a distinct, independent nterest or... | |
| Law reports, digests, etc - 1875 - 788 pages
...increase, or loss from its decrease ; but in no legal sense are the individual members the stockholders.' The interest of the shareholder entitles him to participate...existence of its charter, in proportion to the number of it shares, and, upon its dissolution or termination, to his proportion of the property that may remain... | |
| William Henry Burroughs - Local taxation - 1877 - 970 pages
...created, can deal with the corporate property as absolutely as a private individual cau deal with his own. The interest of the shareholder entitles him to participate...its capital, during the existence of its charter, and upon its dissolution or termination, to his proportion of the property that may remain after the... | |
| Isaac Grant Thompson - National banks (U.S.) - 1878 - 1018 pages
...its increase, or loss from its decrease; but in no legal sense are the individual members the owners. The interest of the shareholder entitles him to participate...earned by the bank in the employment of its capital, daring the existence of its charter, in proportion to the number of his shares, and, upon its dissolution... | |
| Law reports, digests, etc - 1884 - 1902 pages
...that may belong to him, is that interest, as denned in Van Allen v. The Assessors, 3 Wall. 573, which "entitles him to participate in the net profits earned...existence of its charter, in proportion to the number of its shares, and upon its dissolution or termination to his proportion of the property that may remain... | |
| Irving Browne - National banks (United States). - 1880 - 638 pages
...can deal with the corporate property as absolutely as a private individual can deal with his own." " The interest of the shareholder entitles him to participate...earned by the bank in the employment of its capital," etc" This is a distinct, independent interest or property, held by the shareholder like any other property... | |
| Law reports, digests, etc - 1894 - 2074 pages
...created, can deal with the corporate property as absolutely as a private individual can deal with his own. The interest of the shareholder entitles him to participate in the net profits in proportion to the number of his shares, to have a voice in the selection of officers, to manage... | |
| Benjamin James Lea - Law reports, digests, etc - 1880 - 820 pages
...corporate property. Its leading features are thus given in the above opinion by Judge Nelson. This interest of the shareholder entitles him to participate in the net profits earned in the employment of the capital by the corporation during the existence of the charter in proportion... | |
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