 | Illinois. Supreme Court - Law reports, digests, etc - 1920 - 684 pages
...the representation is false it is a fraud upon them, and in case the corporation becomes insolvent, the law, upon the plainest principles of common justice,...that representation good by paying for your stock.' " In In re Haas Co. 131 Fed. 232, the sole question was whether or not it is within the lawful power... | |
 | Law - 1892 - 582 pages
...the representation is false, it is a frand upon them, and in case the corporation becomes insolvent, the law, upon the plainest principles of common justice,...is that is the true basis of the liability of the stockholder in such cases, ae.d it follows that it is only those creditors who have relied, or who... | |
 | Law reports, digests, etc - 1921 - 1166 pages
...been issued for its full par value in money or money's worth. If the corporation becomes insolvent, the law, upon the plainest principles of common Justice,...representation good by paying for your stock." It is the misrepreseutation of fact in stating the amount of capital to be greater than it really is that... | |
 | Electronic journals - 1909 - 672 pages
...the representation is false, it is a fraud upon them ; and in case the corporation becomes insolvent, the law, upon the plainest principles of common justice,...stating the amount of capital to be greater than it is that is the true basis of the liability of the stockholder in such cases." l The English Companies... | |
 | John Lewis - Corporation law - 1892 - 846 pages
...representation is false, it is a fraud upon them ; and, in case the corporation becomes insolvent, the law, upon the plainest principles of common justice,...is that is the true basis of the liability of the stockholder in such cases ; and it follows that it is only those creditors who have relied, or who... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1893 - 1074 pages
...case the corporation becomes insolvent, the law, upon the plainest principles of common justice, Bays to the delinquent stockholder, " Make that representation...is that is the true basis of the liability of the stockholder in such cases; and it follows that it is only those creditors who have relied, or who can... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1893 - 1062 pages
...the representation is false, it is a fraud upon them; and in case the corporation becomes insolvent, the law, upon the plainest principles of common justice,...representation good by paying for your stock." It cettainly cannot require the invention of any new doctrine in order to enforce so familiar a rule of... | |
 | Robert Campbell - Annotations and citations (Law) - 1896 - 788 pages
...the representation is false, it is a fraud upon them ; and in case the corporation becomes insolvent, the law, upon the plainest principles of common justice,...is that is the true basis of the liability of the stockholder in such cases ; and it follows that it is only those creditors who have relied, or who... | |
 | Henry Osborn Taylor - Corporation law - 1898 - 978 pages
...the representation is false, it is a fraud upon them; and, in case the corporation becomes insolvent, the law, upon the plainest principles of common justice,...certainly cannot require the invention of any new doctrine to enforce so familiar a rule of equity. It is the misrepresentation of fact in stating the amount... | |
 | Charles Burke Elliott - Corporation law - 1898 - 342 pages
...the representation is false, it is a fraud upon them; and, in case the corporation becomes insolvent, the law, upon the plainest principles of common justice, says to the deliquent stockholder, '' Make that representation good by paying for your stock." It certainly cannot... | |
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They have a right to assume that it has paid-in capital to the amount which it represents itself as having; and if they give it credit on the faith of that representation, and if the representation is false, it is a fraud upon them; and in case the corporation... 
