 | Michigan - Corporation law - 1913 - 48 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 concluincidentai sive. And in addition to the powers hereinbefore enumerated, every corporation... | |
 | New Jersey. Board of Public Utilities - Public utilities - 1913 - 806 pages
...that it was there held that "after stock has been issued as full paid stock for property furnished, the judgment of the directors as to the value of the property becomes conclusive, in the absence of actual fraud in the transaction, and such stock is not liable... | |
 | New Jersey. Board of Public Utilities - Public utilities - 1913 - 520 pages
...rights of stockholders inter se., or the rights of stockholders as against directors. To allege that the judgment of the directors as to the value of the property becomes conclusive in all respects whatsoever is manifestly going beyond what we conceive is the intent... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - Law reports, digests, etc - 1914 - 724 pages
...paid stock and not liable to any assessments ; 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,'' etc. • The issuance of stock to the four directors of the company to pay for... | |
 | Lawyers - 1907 - 1848 pages
...issued shall 1:* fully paid and non-assessable. 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. Corporations may hold stock, bonds, securities, or evidences... | |
 | Arthur Stone Dewing - Consolidation and merger of corporations - 1914 - 652 pages
...shares ($13740,000). 1 $10,000 had already been paid, as stated in preceding note. in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive." Considering, however, that none of the Directors were conversant in the least... | |
 | Robert John Frank - Consolidation and merger of corporations - 1914 - 328 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". refuses to hold liable a purchaser from an existing stockholder... | |
 | Thomas Slater - Christian ethics - 1915 - 440 pages
...stock"; except that any corporation may purchase property by the issue of securities, in which case "the judgment of the directors as to the value of the property purchased shall be conclusive. ' ' ' We have seen what standard Massachusetts adopts for the legal capitalization... | |
 | Laws Oregon (statutes, etc), Oregon - Corporation law - 1915 - 186 pages
...paid stock and not liable to any assessment; 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 or reports of the corporation to be published or filed,... | |
 | Oregon - Corporation law - 1915 - 186 pages
...paid stock and not liable to any assessment; 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 or reports of the corporation to be published or filed,... | |
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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... 
