 | New York (State). Legislature. Senate - Government publications - 1906 - 1380 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... | |
 | Joseph Harding Underwood - Civil service - 1907 - 238 pages
...some states. Thus New Jersey and Delaware say that " 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." 3 The secretary of state of Maine sent out circulars stating that corporators... | |
 | Joseph Alfred Arnold - Corporation law - 1907 - 238 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... | |
 | Walter Chadwick Noyes - Antitrust law - 1909 - 996 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." The provision of the English Companies Act of 1867, 30 and 31 Viet. ch. 131,... | |
 | Edward Henry Warren - Corporation law - 1909 - 736 pages
...present case, in that it has added the words, " 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." That, indeed, was a suit by a stockholder iu a corporation, already organized... | |
 | Maine - Corporation law - 1909 - 318 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. — RS, c. 47, § 50. The above section is copied literally... | |
 | Pennsylvania Bar Association - Bar associations - 1909 - 590 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." Apparently, under this provision it has been thought that it was perfectly safe... | |
 | Burritt Hamilton - Corporation law - 1909 - 478 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... | |
 | Thomas Conyngton - Corporation law - 1910 - 320 pages
...become and be fully paid-up and non-assessable, 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. ARTICLE V. The time of the commencement of this corporation shall be the date... | |
 | Joseph Asbury Joyce - Actions and defenses - 1910 - 962 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; and in all statements and reports of the corporation, by law required to be published... | |
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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... 
