 | Homer St. Clair Pace - 1913 - 546 pages
...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 law required to be published... | |
 | New York State Bar Association - Bar associations - 1900 - 526 pages
...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. The precise meaning of the words " the judgment of the board of directors, in... | |
 | Minnesota. Supreme Court - Law reports, digests, etc - 1907 - 686 pages
...should be fully paid up and nonassessable, 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. The articles of incorporation made no provision for treasury stock. The minutes... | |
 | Electronic journals - 1928 - 686 pages
...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."*4 Such a statutory provision is not only a legislative attempt to protect the... | |
 | Michigan - Law - 1917 - 1118 pages
...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 conclusive. And in addition to the powers hereinbefore enumerated, every corporation organized... | |
 | Greek letter societies - 1901 - 558 pages
...practically be issued for property, without so marking it, both in New York and New Jersey, but in New Jersey the judgment of the directors as to the value of the property is conclusive in the absence of actual fraud. In New York, no corporation may issue either stock or... | |
 | Seymour Dwight Thompson, Joseph Wesley Thompson - Corporation law - 1927 - 1056 pages
...lawfully acquire and hold in carrying out the purposes of its incorporation."'"- Some of the states make the judgment of the directors as to the value of the property conclusive in the absence of fraud.5:1 Other courts hold that the valuation placed upon property by... | |
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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... 
