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TABLE OF

OF CONTENTS.

613

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ration.....

544. But the corporators are personally liable.

545. Legal status and rights will be respected.

546. Difficulty in adjusting results....

547. When cognizance of members will be taken at law.

548. Kinds of corporate interests....

549. When an action at law will lie...

550. The fiduciary relation of the corporation..

551. Increase of capital to represent acquisition of additional property

and franchises .....

552. Unauthorized issue of preferred stock..

553. Action by purchaser of illegally issued shares.-Laches.

354. “Calls," what are......

555. The authority for making.

556. By whom made....

557. Amonnt of assessment

615

615

616

617

618

618

621

622

623

625

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626

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PAGE.

§ 358. Compliance with statutory requirements...

629

559. Only substantial compliance required..

629

560. Invalid assessment not susceptible of tification.

630

561. Notice of calls.

631

562. Waiver of irregularities.

563. Defences to calls...

564. Non-payment of percentage.

505. Release and cancellation ...

036

566. When objects of enterprise abandoned or impracticable..

638

367. Capital can only be demanded to carry on the corporate enterprise.. 639

568. Contracts of membership cannot be cancelled by mutual consent... 639

569. Shares issued fraudulently or through mistake may be cancelled... 640

570. Diminution of capital stock under statutory authority....

610

571. Release by unanimous consent.

641

572. Wrongs of others will not release..

642

573. Avoidance of contracts for fraud..

643

574. Must have been the inducement for the contract.

645

575. False representations must have been made by party having at least

apparent authority to make them....

646

576. Fraud in exchange for consolidated stock.

647

577. Must proceed with diligence to avoid contract.

647

578. How taken advantage of..

645

579. Conflicting claims to stock - Interpleader. .

648

580. Fraudulent transfers....

650

581. Diligence required on part of corporation ..

651

582. Laches of owner releasing corporation from liability.

653

583. The doctrine that a receiver cannot release subscriptions.

653

584. Subscriptions no more sacred than other assets after insolvency.... 054

585. The right to forfeit shares for non-payment of assessments.

655

586. When an injunction lies . .

657

587. The prime requisites of a valid forfeiture.

058

588. Fraudulent abuse of the right to forfeit..

659

589. How rights to dividends may be enforced.

660

590. Setting off indebtedness against dividends..

661

591. Remedies between the cestui que trust and the trustee in a trust 661

592. Extent and nature of liability.

662

665

666

667

667

668

670

672

673
684

084

085

shall sue....

613. True basis of jurisdiction.

614. Where plaintiff owns shares in two corporations..

613. Injunction and specific performance, cancellation, etc.

616. Directors may be enjoined.....

617. Actions to set aside fraudulent transactions by agents.

618. Where the adverse character is representative.

619. An officer may sue.

620. Test of agent's liability.

621. Court will not interfere with internal management...

622. Motives for bringing the suit generally immaterial.

623. The exercise of discretionary powers cannot be interfered with....

624. Further limitations of the right...

625. Cases in which there should be no delay..

626. Sale of essential property will be enjoined.

627. No delay where remedy would be thereby lost.

628. The right to defend for the corporation..

629. When election will be set aside

630. Parties defendant...

631. Equitable owner may sue.

632. Summary of principles governing the suit of shareholder.

633. Defences—Acquiescence by the corporation

634. Ratification must not have been induced by fraud.

635. Protection from anterior acts of promoters..

636. Acquiescence of complaining shareholder...

637. Not barred by acquiescence in other acts of wrong-doing..

638. The immediate plaintiff must not be personally disqualified..

639. Amount of interest immaterial...

640. The rule in federal courts...

641. The character of the tribunal does not alter that of the action.....

642. Practice-Trial....

643. Expense of suit...

644. Liability for inducing subscriptions through false publications..

645. Presumptions in case of false publications..

086

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691

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