 | Nevada - Law - 1912 - 1448 pages
...issue stock for labor done or personal property or real estate or leases thereof; in the absence of st such person shall be dissolved by the adjudication...(1) it appears that said lien was obtained and per 115H. Stock so issued is paid. SEC. 55. All stock so sold or so issued pursuant to sections 53 or 54... | |
 | Paul Martin Pearson, Philip Marshall Hicks - Oratory - 1912 - 290 pages
...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." This section enables any board of directors, so disposed,... | |
 | Michigan - Corporation law - 1920 - 36 pages
...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 1he value of the property shall be conclusive. And in addition to the powers hereinbefore incidental... | |
 | George Folger Canfield - Corporation law - 1913 - 1026 pages
...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." Under these provisions, after the property has been purchased... | |
 | Michigan - Corporation law - 1913 - 48 pages
...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 concluincidentai sive. And in addition to the powers hereinbefore enumerated,... | |
 | Delaware. Court of Chancery - Equity - 1913 - 528 pages
...thereof; and the stock so issued shall be declared and taken to be full paid stock and not liable to any further call, nor shall the holder thereof be...any further payments under the provisions of this Act. And in the absence of actual fraud in the transaction, the judgment of the. directors, as to the... | |
 | Thomas Conyngton - Corporation law - 1913 - 590 pages
...carefully than heretofore. This is particularly true in New Jersey, where it was formerly supposed 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"6 — and this with but little regard as to how this judgment... | |
 | John Thomas Mulligan - Corporation law - 1913 - 616 pages
...shall be necessary." 03 In Wyoming the statute is substantially the same as Montana. In New Mexico "In the absence of actual fraud in the transaction, the judgment of the directors as to the value of property purchased shall be conclusive." This statute is very similar to the New Jersey law. New York... | |
 | Robert John Frank - Consolidation and merger of corporations - 1914 - 328 pages
...wholly or partly by cash, by labor done, by personal property or by real estate or leases thereof; and in the absence of actual fraud in the transaction...property, real estate or leases shall be conclusive. Every corporation has power to create two or more kinds of stock of such classes, with such designations,... | |
 | Michigan - Law - 1921 - 982 pages
...any further payment except the liability imposed by section ten of chapter three of part two hereof; and in the absence of actual fraud in the transaction the judgment of the directors of the corporation as to the value of the property shall be conclusive. Within ten days after any corporation... | |
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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... 
