Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" ... in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive... "
The Oklahoma Law Journal - Page 136
1907
Full view - About this book

Trade Promotion Series, Issues 53-60

United States - 1927
...of the corporation, or in shares of stock of any other corporation owning such necessary property. The judgment of the directors as to the value of the property so purchased shall be conclusive in the absence of actual fraud. Shares issued in payment of property...
Full view - About this book

The Federal Reporter, Volume 139

Law reports, digests, etc - 1906
...issue full-paid stock in payment for property necessary in its business, and that, in the absence of fraud, the judgment of the directors as to the value of the property shall be conclusive. A manufacturing corporation organized under such statute made a contract with...
Full view - About this book

Cases on Private Corporations

George Folger Canfield, Isaac Maurice Wormser - Corporation law - 1925 - 933 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." Under these provisions, after the property has been purchased and the stock issued...
Full view - About this book

The Central Law Journal, Volume 53

Law - 1901
...under the act may purchase property and Issue stock to the amount of the value of the property, and in the absence of actual fraud, the judgment of the...directors as to the value of the property purchased shall be conclusive. A corporation, capitalized for $05,000,000, proposed to issue $45,000,000 additlenal...
Full view - About this book

Annual Report of the Attorney General of the State of New York

New York (State). Attorney General's Office - Attorneys general's opinions - 1907
...the property which is made the basis for the issue, and in the absence of fraud in the transaction, the judgment of the directors as to the value of the property is made conclusive. It is manifest, however, that the intent of this law is to prevent an excessive...
Full view - About this book

Utility Corporations: Letters from the Chairman of the Federal ..., Issue 69

United States. Federal Trade Commission - Electric industries - 1934
...other corporations which shall then be full paid and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchasod shall be conclusive (CA, sec. 18). In all statements and reports of the corporation to be...
Full view - About this book

Atlantic Reporter, Volume 84

Law reports, digests, etc - 1913
...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." These sections have been so often construed by our highest court that their meaning...
Full view - About this book

Atlantic Reporter, Volume 75

Law reports, digests, etc - 1910
...subscriptions consists, and that It has an actual value equal to the amount for which it is so received. The judgment of the directors as to the value of the property accepted as payment of stock shall be final ; but the directors concurring In the judgment of such...
Full view - About this book

Leland Olds' Reappointment to Federal Power Commission: Hearings Before a ...

United States. U.S. Congress. Senate. Committee on interstate commerce - 1944 - 235 pages
...ignores such a State law as the one providing 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." • (6) The staff completely disregards the value of the property received by...
Full view - About this book

American Bankruptcy Reports: Reporting the Decisions and Opinions ..., Volume 2

Bankruptcy - 1924
...Jersey law, vests in the trustee in bankruptcy. Coming to consider the effect of the declaration that the judgment of the directors as to the value of the property shall be conclusive in the absence of actual fraud, we are unable to agree with the referee's view....
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF