Maine Corporation Law: The Statutes of Maine Relating to Business Corporations, Except Banking, Railroad and Insurance Companies, with Notes of Decisions and Blank Forms

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Loring, Short & Harmon, 1909 - 274 pages
 

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Page 100 - ... 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 211 - ... the Board of Directors in the management of the business and affairs of the corporation...
Page 212 - The vice president shall perform such other duties as from time to time may be assigned to him by the president or by the board of directors.
Page 30 - To guarantee, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of indebtedness created by any other corporation or corporations of this...
Page 30 - 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...
Page 210 - During the intervals between the meetings of the board of directors, the finance committee shall possess, and may exercise, all the powers of the board of directors...
Page 30 - ... in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive...
Page 203 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors, multiplied by the number of his shares of stock, shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.
Page 212 - Any officer elected or appointed by the board of directors may be removed at any time by the affirmative vote of a majority of the whole board of directors.
Page 204 - ... a quorum shall attend. At any such adjourned meeting at which a quorum shall be present any business may be transacted which might have been transacted at the meeting as originally notified.

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