 | New Jersey. Court of Chancery - 1907 - 930 pages
...neither shall the holder thereof be, liable for any further payment under the provisions of this act; and in the absence of actual fraud in the transaction...directors as to the value of the property purchased shall be conclusive." .? liobliinx. See, Receiver, v. Heppenheimer. (This last clause is n6t found... | |
 | New Jersey. Court of Chancery - 1902 - 894 pages
...American Smelting, &c., Co. 3. After stock has been issued as full-paid stock for property purchased, the judgment of the directors as to the value of the property becomes conclusive, in the absence of actual fraud in the transaction, and such stock is not liable... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1919 - 800 pages
...payment under any of the provisions of this act, except the liability imposed by section twenty-nine; and in the absence of actual fraud in the transaction,...judgment of the directors as to the value of the property shall be conclusive. And in addition to the powers hereinbefore enumerated, every corporation organized... | |
 | New York (State). Board of Railroad Commissioners - 1907 - 796 pages
...thereof be liable for any further payment under any of the provisions of this act; and iu the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation, by law required to be published... | |
 | 1903 - 1116 pages
...shall the holder thereof be liable for any further payment under any of the provisions of this act; and in the absence of actual fraud in the transaction,...directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation to be published or filed... | |
 | 1907 - 2136 pages
...shall the holder thereof be liable to 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 dinctore as to the value of the property purchased shall be conclusive; and in all statements and reports... | |
 | 1913 - 1140 pages
...shall the holders thereof be liable for any further payment under any of the provisions of this act; and in the absence of actual fraud In the transaction...directors as to the value of the property purchased shall be conclusive." These sections have been so often construed by our highest court that their meaning... | |
 | 1908 - 1156 pages
...for its business, and issue stock to the amount of the value thereof in payment therefor ; and that, in the absence of actual fraud in the transaction,...directors as to the value of the property purchased shall be conclusive. Section 50 (page 21)4) authorizes jesis, etc., companies to issue their capital... | |
 | 1910 - 1132 pages
...subscriptions consists, and that It has an actual value equal to the amount for which It Is so received. The Judgment of the directors as to the value of the property accepted as payment of stock shall be final ; but the directors concurring In the Judgment of such... | |
 | 1916 - 1404 pages
...for services rendered to such corporation and , the stock so issued shall be full paid stock and j not liable to any further call or payment thereon...the judgment of the directors as to the value of the • * * services rendered, shall be conclusive." Chapter 47, § 87: "The capital stock subscribed for... | |
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... 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... 
