 | William Austen Carney - Corporation law - 1905 - 292 pages
...capital stock so issued shall thereupon and thereby become and be fully paid up and non-assessable, 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. Fourth. The time of the commencement of this corporation... | |
 | Delaware - Law - 1905 - 602 pages
...the holder thereof be liable for any further pay- ™"'"'" ments under the provisions of this Act. And in the absence of actual fraud in the transaction, the judgment of the Directors final Directors, as to the value of such labor, property, real estate "bo^eic"°' or leases, shall... | |
 | Martha Uboe Overland - Corporation law - 1905 - 472 pages
...issued for labor done or for personal property, real estate or leases thereof; and in the absence of fraud in the transaction the judgment of the directors as to the value is conclusive. §54. But it shall be the duty of the corporation to have its minutes or other permanent... | |
 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - Law - 1905 - 1412 pages
...to any further call, neither shall the holder thereof be liable for any further payment under any of as been served shall also produce the body of the party in his cus the judgment of the directors as to the value of the property shall be conclusive ; and in all statements... | |
 | M. Jezabek, M. Praszałowicz - Broken symmetry (Physics) - 1906 - 476 pages
...for its business . . . and issue stock to the amount of the value thereof in payment therefor . . . ; 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 . . " Though provisions virtually identical with these are... | |
 | Thomas Gold Frost - Corporation law - 1906 - 736 pages
...thereof; and the stock so issued shall be declared and taken to be fully paid stock and not liable to any further call, nor shall the holder thereof be liable for any further payments thereon under the provisions of this Act. In the absence of actual fraud in the transaction the judgment... | |
 | New York (State). Legislature. Senate - Government publications - 1906 - 1380 pages
...thereof be liable for any further payment under any of the provisions of this act; and in 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... | |
 | Joseph Harding Underwood - Civil service - 1907 - 236 pages
...Freedom to " water stock " has been secured in some states. Thus New Jersey and Delaware say 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." 3 The secretary of state of Maine sent out circulars stating... | |
 | Joseph Alfred Arnold - Corporation law - 1907 - 238 pages
...thereof be liable for any further payment under any of the provisions of this act ; and in 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,... | |
 | Thomas Gold Frost - Corporation law - 1908 - 944 pages
...shall the holder thereof be liable for any further payments thereon under the provisions of this act. In the absence of actual fraud in the transaction...to the value of such labor, property, real estate, and leases thereof shall be conclusive (Laws of 1905, chap. 155). Every corporation may at any meeting... | |
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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... 
