 | Bankruptcy - 1924 - 1122 pages
...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.... | |
 | New York (State) - Session laws - 1954 - 1226 pages
...3. This act shall take effect immediately. * Words "and in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchaRed shall be conclusive ;'' omitted. ( 'Entire sentence new matter substituted for words "; and... | |
 | Corporations - 1957 - 910 pages
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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... 
