But where fullpaid stock is issued for property received, there must be actual fraud in the transaction to enable creditors of the corporation to call the stockholders to account. The Atlantic Reporter - Page 551905Full view - About this book
| New Jersey. Court of Chancery - 1907 - 930 pages
...stock had no legal significance, and cited with approval Coit v. Gold Amalgamating Co., 119 US 345, where the court said : "But where full-paid stock...upon the subsequent creditors of the corporation? The expression "actual fraud," as used in the cases last mentioned, must be interpreted to mean and include... | |
| United States. Supreme Court - 1889 - 762 pages
...in equity by the creditors as a trust fund liable to the payment of their debts. But where full paid stock is issued for property received, there must...corporation to call the stockholders to account." Under this authority no foundation is laid for calling upon the estate of the deceased to pay anything... | |
| 1901 - 1148 pages
...may be sequestered In equity by the creditors as a trust fund liable to the payment of their debts. But, where full-paid stock Is issued for property...transaction to enable creditors of the corporation ro call the stockholders to account. A gross and obvious overvaluation of property would l>e strong... | |
| 1891 - 1132 pages
...may be sequestered in equity by the creditors, as a trust fund liable to the payment of their debts. But, where full-paid stock is issued for property...corporation to call the stockholders to account." There are other crudities and defects in the proceedings in the court below, which, even in this last... | |
| 1887 - 1458 pages
...may be sequestered in equity by the creditors, as a trust fund liable to the payment of their debts. But where full-paid stock is issued for property received,...the corporation to call the stockholders to account. A gioss and obvious overvaluation of property would be strong evidence of fraud. Boynton v. Hatch,... | |
| United States. Supreme Court - 1887 - 1244 pages
...may be sequestered in equity by the creditors, as a trust fund liable to the payment of their debts. But where full-paid stock is issued for property received...the corporation to call the stockholders to account. A gross and obvious overvaluation of property would be strong evidence of fraud. Boynton v. Hatch,... | |
| Abraham Clark Freeman - 1888 - 978 pages
...Ch. 270; Spargo's Case, LR 8 Ch. 407; Brawn's Case, LR 9 Ch. 102; Carlih;/'s Case, LR 1 Ch. D. 115; "there must be actual fraud in the transaction to...corporation to call the stockholders to account": Coitv. Gold Amaljamatiny Co., supra. In New York, the act of 1853, amendatory of the act of 1848, authorizing... | |
| United States. Supreme Court - 1889 - 860 pages
...sequestered i in equity by the creditors as a trust fund lia- ยก ble to the payment of their debts. But where full-paid stock is issued for property received,...corporation to call the stockholders to account." Under this authority no foundation is laid for culling upon the estate of the deceased to pay anything... | |
| John Lewis - 1890 - 816 pages
...may be sequestered in equity by the creditors, as a trust fund liable to the payment of their debts But where full-paid stock is issued for property received,...the corporation to call the stockholders to account. A gross and obvious overvaluation of property would be strong evidenceof fraud. Boynton v. Hatch, 47... | |
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