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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... "
Laws of the State of New York - Sivu 1400
tekijä(t) New York (State) - 1923
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Session Laws and Resolutions

North Carolina - 1901 - 1218 sivua
...stock for labor done or personal property or real estate, or leases thereof, in the absence of fraud 18 in the transaction, the judgment of the directors as to the value of such labor, property, real estate or leases, shall be conclusive. SEC. 20. Every stockholder shall...

Columbia Law Review, Nide 1

1901 - 754 sivua
...did not permit the issue of stock below par, and although it declared that in the absence of fraud the judgment of the directors as to the value of the property should be final, this latter applied only to a case where the stock had already been issued. When the...

A Treatise on the Law of Private Corporations

Henry Osborn Taylor - 1902 - 1002 sivua
...regard to whether the actual value was equal to their par value or not. Now by statute in New York "in the absence of fraud in the transaction the judgment...value of the property purchased shall be conclusive." Section 42 of chapter 354 of the laws of 1901, amending chapter 688 of the laws of 1892. Without special...

The Tribune Almanac and Political Register

Horace Greeley, John Fitch Cleveland, F. J. Ottarson, Edward McPherson, Alexander Jacob Schem, Henry Eckford Rhoades - 1902 - 446 sivua
...shall the holder thereof be liable for-any further payment under any of the provisions of this act; and in the absence of fraud In the transaction the...directors as to the value of the property purchased »hall be conclusive; and in all statements and reports of the corporation, by law re— .quired to...

Congressional Serial Set

1902 - 984 sivua
...thereof be liable to 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. In all statements and reports of the corporation to be published or filed, these shares of stock shall...

State Library Bulletin: Legislation, Numerot 16–17

1902 - 640 sivua
...corporation shall issue stock for labor done or personal property or real estate or leases thereof in the absence of fraud in the transaction the judgment of the directors as to the value of such labor, property or real estate or leases shall be conclusive." When the builuen* General whole...

Laws of Maine Concerning Business Corporations (annotated) with the Liberal ...

Herbert Milton Heath - 1902 - 166 sivua
...the legal power of the local assessors. Stock may be issued for property and in the absence of actual fraud in the transaction the judgment of the directors as to the value of property so purchased shall be final and conclusive, but in all annual reports a statement shall be...

Laws of the Territory of New Mexico: Passed by the Legislative Assembly ...

New Mexico - 1903 - 836 sivua
...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...

The General Corporation Act of New Jersey

New Jersey - 1903 - 290 sivua
...according to the fact. Act 1875, § 55; PL 1889, p. 414; PL 1893, P. 444" In the absence of actual fraud in the transaction the judgment of the directors...value of the property purchased shall be conclusive " was inserted in the statute by the Revision of 1896. Before the Revision of 1896 the rule was clearly...

Laws of the State of Delaware

Delaware - 1903 - 568 sivua
...of this State may issue stock for labor done or personal property or real estate or leases thereof; in the absence of fraud in the transaction, the judgment of the directors as to the value of such labor, property, real estate or leases shall be conclusive. Section 15. Every stockholder shall...




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