 | New Jersey. Court of Chancery - 1907 - 930 σελίδες
...thereof be, liable for any further payment under the provisions of this act; and in the absence of actual fraud in the transaction the judgment of the directors...value of the property purchased shall be conclusive." .? liobliinx. See, Receiver, v. Heppenheimer. (This last clause is n6t found in the act governing the... | |
 | New Jersey. Court of Chancery - 1902 - 894 σελίδες
...American Smelting, &c., Co. 3. After stock has been issued as full-paid stock for property purchased, 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... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1919 - 800 σελίδες
...provisions of this act, except 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 conclusive. And in addition to the powers hereinbefore enumerated, every corporation organized... | |
 | 1903 - 1116 σελίδες
...liable for any further payment under any of the provisions of this act; and in the absence of actual fraud in the transaction, the Judgment of the directors...and in all statements and reports of the corporation to be published or filed this stock shall not be stated or reported as being Issued for cash paid to... | |
 | 1907 - 2136 σελίδες
...provisions of this act; and In the absence of actual fraud in the transaction the Judgment of the dinctore as to the value of the property purchased shall be...and in all statements and reports of the corporation to be published or filed this stock shall not be stated or reported as being issued for cash paid to... | |
 | 1913 - 1140 σελίδες
...liable for any further payment under any of the provisions of this act; and in the absence of actual fraud In the transaction the judgment of the directors...value of the property purchased shall be conclusive." These sections have been so often construed by our highest court that their meaning is not open to... | |
 | 1908 - 1156 σελίδες
...issue stock to the amount of the value thereof in payment therefor ; and that, in the absence of actual fraud in the transaction, the judgment of the directors...value of the property purchased shall be conclusive. Section 50 (page 21)4) authorizes jesis, etc., companies to issue their capital stock for property... | |
 | 1917 - 1170 σελίδες
...by said shareholders ; that capital stock may be issued for property purchased by such corporation and, in the absence of fraud In the transaction, the judgment of the board of directors as to the value of the property purchased shall be conclusive; and further that,... | |
 | 1910 - 1132 σελίδες
...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... | |
 | 1909 - 672 σελίδες
...liable for any further payment under any of the provisions of this act; and in the absence of actual fraud in the transaction, the judgment of the directors...value of the property purchased shall be conclusive." In Donald v. American Smelting Co- 2 the Court of Errors and Appeals (speaking by Dixon, J.) construed... | |
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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... 
