Commentaries on the Law of Private Corporations, Volume 3Bancroft-Whitney, 1895 - 8032 pages |
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Other editions - View all
Commentaries on the Law of Private Corporations, Vol. 3 of 6 (Classic Reprint) Seymour Dwight Thompson No preview available - 2018 |
Commentaries on the Law of Private Corporations, Vol. 3 of 6 (Classic Reprint) Seymour Dwight Thompson No preview available - 2018 |
Common terms and phrases
action at law Allen Mass amount assessment assets assignee Asso authority Bank Barb board of directors by-laws capital stock certificate charge charter common law Conn constitutional contract corporate debts court of equity cred debts due decision defendant doctrine election enforce estopped estoppel execution existence filed fraud Glenn governing statute held holders holding Ibid incorporation indebtedness individual liability insolvent Iowa itors judgment creditor jurisdiction Massachusetts ment Minn Missouri N. W. Rep nulla bona officers Ohio St paid par value parties partners payment personally liable plaintiff poration Post principle proceed proceeding provision question quorum receiver recover remedy respect right of action rule SECTION set-off shareholders shares Stat statutory liability stockholders liable subscribed subscription suit in equity Supreme Court theory tion transfer transferor trustees ultra vires unless unpaid vote
Popular passages
Page 2234 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares.
Page 2155 - Each stockholder of a corporation or joint-stock association shall be individually and personally liable for such proportion of all its debts and liabilities contracted or incurred during the time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation or association.
Page 2400 - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 2323 - Dues from corporations shall be secured by such individual liability of the corporators, and other means, as may be prescribed by law.
Page 2544 - Persons severally liable upon the same obligation or instrument, including the parties to bills of exchange and promissory notes, and sureties on the same or separate instruments, may all or any of them be included in the same action, at the option of the plaintiff...
Page 2960 - Such agents have duties to discharge of a fiduciary nature towards their principal and it is a rule of universal application, that no one, having such duties to discharge, shall be allowed to enter into engagements in which he has, or can have, a personal interest conflicting, or which possibly may conflict, with the interests of those whom he is bound to protect.
Page 3119 - If any certificate or report made, or public notice given, by the officers of any such company, in pursuance of the provisions of this act. shall be false in any material representation, all the officers who shall have signed the same, knowing it to be false, shall be jointly and severally liable for all the debts of the company contracted while they are stockholders or officers thereof.
Page 2122 - ... or been guilty of any misfeasance or breach of trust in relation to the company...
Page 3130 - For a violation of the provisions of this section, the directors, under whose administration the same may have happened (except those who may have caused their dissent therefrom to be entered at large on the minutes of the...
Page 2155 - Every stockholder in a banking corporation or institution shall be individually responsible and liable to its creditors, over and above the amount of stock by him or her held, to an amount equal to his or her respective shares so held, for all its liabilities accruing while he or she remains such stockholder.