 | Arthur Jerome Eddy - Antitrust law - 1901 - 892 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,... | |
 | New York (State) - Session laws - 1901 - 1018 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... | |
 | Electronic journals - 1901 - 754 pages
...statute did not permit the issue of stock below par, and although it declared that in the absence of fraud the judgment of the directors as to the value of the property should be final, this latter applied only to a case where the stock had already been issued. When the... | |
 | Herbert Milton Heath - Corporation law - 1902 - 166 pages
...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. NOTE. When stock is issued for property purchased or services... | |
 | Henry Osborn Taylor - Corporation law - 1902 - 1002 pages
...equal to their par value or not. Now by statute in New York "in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive." Section 42 of chapter 354 of the laws of 1901, amending chapter 688 of the laws... | |
 | United States - 1902 - 984 pages
...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. In all statements and reports of the corporation to be published or filed, these... | |
 | Corporation Trust Company - Corporation law - 1903 - 30 pages
...shall be full paid stock," and it is provided that " 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." XI. PREFERRED STOCK. The utmost liberality is permitted... | |
 | New Mexico - Law - 1903 - 836 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... | |
 | New Jersey - Corporation law - 1903 - 290 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... | |
 | Michigan - 1903 - 610 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... | |
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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... 
