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Select Cases and Other Authorities on the Law of Private Corporations ...
Edward Henry Warren
No preview available - 2017
accepted action affirmed agents agreement alleged amount appears applied association authority bank become benefit bill body brought capital carried cause charter claim complainant consideration considered contract Corp corporation court dealing debts deed defendant deny direct directors dividend duty effect enforce entered equity evidence executed exercise existence express fact facto follows give given grant ground held hold incorporation individual intent interest issued judge judgment justice land liability limited meeting mortgage nature necessary never object officers opinion organization paid parties performance persons plaintiff poration present principle proceedings proper purchase question Railroad reason received regard relation respect responsible rule shareholders shares statute stockholders suit taken tion transaction trust United void vote
Page 586 - It is too firmly established in the present day to be questioned that the capital stock of a corporation is a trust fund for the payment of its debts.
Page 58 - The amount of the capital of the company, and the number of shares into which it is divided...
Page 607 - All the stockholders of every company incorporated under this act, shall be severally, individually liable to the creditors of the company in which they are stockholders, to an amount equal to the amount of stock held by them respectively for all debts and contracts made by such company, until the whole amount of capital stock fixed and limited by such company shall have been paid in...
Page 71 - If any general rule can be laid down, in the present state of authority, it is that a corporation will be looked upon as a legal entity as a general rule, and until sufficient reason to the contrary appears ; but, when the notion of legal entity is used to defeat public convenience, justify wrong, protect fraud, or defend crime, the law will regard the corporation as an association of persons.
Page 589 - Every share in any company shall be deemed and taken to have been issued, and to be held, subject to the payment of the whole amount thereof in cash...
Page 246 - ... a copy thereof, duly certified by the secretary of state, under the great seal of the State of Ohio, shall be evidence of the existence of such company.
Page 633 - 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 607 - Any corporation formed under this act may purchase mines, manufactories or other property necessary for its business, or the stock of any company or companies owning, mining, manufacturing or producing materials, or other property necessary for its business, and issue stock to the amount of the value thereof in payment therefor...