Handbook of the Law of Private Corporations |
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Common terms and phrases
action affirmed agent agreement American Ass'n authority by-laws capital stock certificate charter Chicago City common law Conn constitutional contract Corp corporate existence County court court of equity created creditors debts declared directors dividend enforce equity estopped estoppel ex rel expressly facto foreign corporation franchises fraud held hold holders incorporation insolvent Iowa issued jurisdiction Land Legislature liability Loan Lumber Mass Minn N. J. Eq N. J. Law N. Y. Supp natural person officers Ohio St organized owner P. R. Co payment plaintiff poration preferred stock prohibition purchase purpose railroad company rule shareholders South statute statutory stockholders subscriber subscription suit supra Tenn tion transaction transfer transferror Trust Turnpike Turnpike Co ultra vires Union unless valid void vote Wormser Cas York
Popular passages
Page 491 - Every bill brought by one or more stockholders in a corporation, against the corporation and other parties, founded on rights which may properly be asserted by the corporation...
Page 588 - ... of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.
Page 695 - The shareholders or stockholders of every banking or insurance corporation or association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such corporation or association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares or stock.
Page 518 - A certificate is indorsed when an assignment or a power of attorney to sell, assign or transfer the certificate or the shares represented thereby is written on the certificate and signed by the person appearing by the certificate to be the owner of the shares represented thereby, or when the signature of such person is written without more upon the back of the certificate.
Page 256 - It may be put forth in aid of what is sanctioned by usage, or held by the prevailing morality or strong and preponderant opinion to be greatly and immediately necessary to the public welfare.
Page 3 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly, or as incidental to its very existence.
Page 256 - Whatever differences of opinion may exist as to the extent and boundaries of the police power, and however difficult it may be to render a satisfactory definition of it, there seems to be no doubt that it does extend to the protection of the lives, health and property of the citizens, and to the preservation of good order and the public morals.
Page 371 - The rule of law is clear, that where one by his words or conduct wilfully causes another to believe the existence of a certain state of things, and induces him to act on that belief so as to alter his own previous position, the former is concluded from averring against the latter a different state of things as existing at the same time.
Page 527 - No attachment or levy upon shares of stock for which a certificate is outstanding shall be valid until such certificate be actually seized by the officer making the attachment or levy, or be surrendered to the corporation which issued it, or its transfer by the holder be enjoined.
Page 760 - the privileges and immunities secured to citizens of each State in the several States, by the provision in question, are those privileges and immunities which are common to the citizens in the latter States under their constitution and laws by virtue of their being citizens.