...the subject is regulated by statute. Thus, in New York, in the absence of fraud in the transaction, the judgment of the directors as to the value of the property purchased is conclusive.*' In Wetherbee v. Baker *' five persons agreed for the purchase of a tract of land,...

...stock may be issued for property as well as for cash, and in the absence of fraud In the transaction, the judgment of the directors as to the value of the property purchased, is made conclusive by the statute. Alpha-Portland Cement Co. v. Schratweiser (1915), 221 Fed. 258....

...valuation put upon said property, etc. Tliis statement has to be filed before the stock may issue, but olumbia or any insular possession or other place under the jur etc., is conclusive in the absence of fraud.1 Utah requires the affidavit of tlu-ee persons familiar...

...valuation put upon said property, etc. This statement has to be filed before the stock may issue, but " f $q rI etc., is conclusive in tho absence of fraud.1 Utah requires the affidavit of three persons familiar...

...New Jersey, where it was formerly supposed 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"5 — and this with but little regard as to how this judgment was reached. Recent...

...New Jersey, where it was formerly supposed 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"5 — and this with but little regard as to how this judgment was reached. Recent...

...provision of § 55 of the New York Stock Corporation Law, "in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive," was inapplicable to determinations made by the Public Service Commission in fixing...

...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. [105 Me., 403.l Sec. 55. May hold and dispose of stock,...

...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...

...act, except the liability imposed by § 29; 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...