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" ... in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive... "
The Oklahoma Law Journal - Page 136
1907
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The South Western Reporter, Volume 254

Law reports, digests, etc - 1924
...That statute, as pleaded and undenied. provides that in the absence of actual fraud in the transaction the Judgment of the directors as to the value of the property shall be conclusive. That actual fraud or Intentional wrongdoing may be and often Is proved by or Inferred...
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The New York Supplement

Law reports, digests, etc - 1915
...stock so issued shall be full-paid stock not liable to any further call, and that in the absence of fraud the judgment of the directors as to the value of the property purchased shall be conclusive. A new corporation was organized to take over the business of a lumber company,...
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The New York Supplement

Law reports, digests, etc - 1911
...payment under any of the provisions of this chapter ; 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 law required to be published...
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Reports of Cases Argued and Determined in the Ohio Circuit Courts ..., Volume 17

William John Tossell - Law reports, digests, etc - 1906
...liable to any further call or payment thereon; and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased, or services rendered, shall be conclusive." Section 50. The truth of the allegations of the answer...
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Acts of the General Assembly of the State of New-Jersey

New Jersey - Law - 1896
...pay-ment under any of the provisions of this act; and in the absence of actual fraud in the transaction, the judg-ment of the directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation to be published or filed...
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Reports of Cases Heard and Determined in the Appellate Division ..., Volume 134

New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1910
...property and to issue stock for the value thereof, and, in the absence of fraud in the transaction, the judgment of the directors as to the value of the property purchased is conclusive. Under this statute many corporations issue securities in exchange for property or labor...
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Annual Report of the American Bar Association: Including ..., Volume 22

American Bar Association - Bar associations - 1899
...decisions of the courts, and now under the statute, in the absence of fraud in the actual transaction, the judgment of the directors as to the value of the property purchased is conclusive. - In this coni Wetherbee TO. Baker, 35 NJ Eq. 501-512 ; Edison vs. Electric Imp. Co.,...
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The Statutory and Case Law Applicable to Private Companies Under the General ...

New Jersey - Corporation law - 1899 - 364 pages
...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; and in all statements and reports of the corporation to be published or filed...
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The American Monthly Review of Reviews, Volume 21

American literature - 1900
...been filed, so that the investor may readily learn for himself what the conditions of the issue are, the judgment of the directors as to the value of the property so taken or the services for which stock has been issued is conclusive, and no action can thereafter...
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The Statutory and Case Law Applicable to Private Companies: With Special ...

James Brooks Dill - Corporation law - 1901 - 381 pages
...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; and in all statements and reports of the corporation to be published or filed...
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