A Treatise on the Incorporation and Organization of Corporations: Created Under the "Business Corporations Acts" of the Several States and Territories of the United States, Including Therein a Synopsis-digest of the General Incorporation Acts of the Several Commonwealths, with Decisions Bearing Thereon; Also, Forms for Drawing Charters Under the Laws of the Several States and Territories; General and Specific Object Clauses for Insertion in Charters; By-laws, Minutes, Etc., EtcLittle, Brown,, 1906 - 698 pages |
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Page xiv
... Rule • 113 · 120 120 · 122 § 105 . Statement of Good Faith Rule 123 § 106 . Statement of " Speculative Value Rule " 125 § 107 . Effect of Appraisal of Property by Directors under Statutory Authority , when taken in Exchange for Stock ...
... Rule • 113 · 120 120 · 122 § 105 . Statement of Good Faith Rule 123 § 106 . Statement of " Speculative Value Rule " 125 § 107 . Effect of Appraisal of Property by Directors under Statutory Authority , when taken in Exchange for Stock ...
Page 13
... rule seems to be that incorporators must be of full age . 11 Incorporators must also be known persons.12 The modern rule 1 See Part III . Table 4 , page 574 . 2 P. B. Corporation v . Lamson , 16 Me . 224 ; Ulmer v . Company , 98 Me ...
... rule seems to be that incorporators must be of full age . 11 Incorporators must also be known persons.12 The modern rule 1 See Part III . Table 4 , page 574 . 2 P. B. Corporation v . Lamson , 16 Me . 224 ; Ulmer v . Company , 98 Me ...
Page 14
... rule there can be no valid legal question raised at this day as to the legality of the use of what are commonly known as " dummy incorporators " in the organization of corporations.2 § 3. Corporate Name . Every corporation , like an ...
... rule there can be no valid legal question raised at this day as to the legality of the use of what are commonly known as " dummy incorporators " in the organization of corporations.2 § 3. Corporate Name . Every corporation , like an ...
Page 16
... rule , and is used as a " catch - all " for the purpose of includ- ing any kind of business for pecuniary profit not otherwise pro- vided for . In setting out the purposes , this must be done with reasonable certainty and definiteness ...
... rule , and is used as a " catch - all " for the purpose of includ- ing any kind of business for pecuniary profit not otherwise pro- vided for . In setting out the purposes , this must be done with reasonable certainty and definiteness ...
Page 17
... rule the incorporators are required to set out in their articles of association the specific purpose or purposes for which the proposed corporation is to be organized.2 Turning now to the various States , we find the following statu ...
... rule the incorporators are required to set out in their articles of association the specific purpose or purposes for which the proposed corporation is to be organized.2 Turning now to the various States , we find the following statu ...
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Common terms and phrases
agent amendment amount of capital annual license Anti-Trust Statute articles of association articles of incorporation authorized capital stock Bank board of directors bonds by-laws capital stock cent certificate of incorporation certified copy chap clerk commence business common law Commonwealth Company corporate existence Corporate Indebtedness courts creditors cumulative voting Dakota debts dividends dollars domestic corporations duly export expressly Extension of Corporate Filing and Recording foreign corporation FORM held hereby holders issued lease liability license tax located manufacture mortgage N. J. Eq Notary Public number of directors number of shares organization meeting organization tax otherwise acquire paid par value persons place of business poration preferred stock principal office principal place proxy purchase purpose seal sell signed South Dakota statutory Stock Certificates stock subscriptions stockholders subscribed Territory thereof tion transaction treasurer Trustee vote West Virginia Yes No Yes Yes Yes Yes Νο
Popular passages
Page 55 - the rule of law is clear, that, where one, by his words or conduct, wilfully causes another to believe in the existence of a certain state of things, and induces him to act on that belief, so as to alter his own previous position, the former is concluded from averring against the latter, a different state of things, as existing at the same time.
Page 31 - It is very true that a corporation can have no legal existence out of the boundaries of the sovereignty by which it is created. It exists only in contemplation of law, and by force of the law ; and where that law ceases to operate, and is no longer obligatory, the corporation can have no existVOL.
Page 268 - Act to be listed, make out and deliver to the assessor a sworn statement of the amount of its capital stock setting forth particularly : "First: The name and location of the company or association.
Page 322 - The amount of its capital stock and the number of shares into which the same shall be divided.
Page 374 - Such notice must state the time and place of the meeting, and its object, and the amount to which it is proposed to increase the capital stock.
Page 345 - The certificate of incorporation may also contain any provision which the incorporators may choose to insert for the regulation of the business and for the conduct of the affairs of the corporation, and any provisions creating, defining, limiting and regulating the powers of the corporation, the directors and the stockholders, or any class of the stockholders; provided, such provisions are not contrary to the laws of this State.
Page 366 - No foreign stock corporation other than a moneyed corporation, shall- do business in this state without having first procured from the secretary of state a certificate that it has complied with all the requirements of law to authorize it to do business in this state...
Page 115 - They have a right to assume that it has paid-in capital to the amount which it represents itself as having; and if they give it credit on the faith of that representation, and if the representation is false, it is a fraud upon them; and in case the corporation becomes insolvent, the law, upon the plainest principles of common justice, says to the delinquent stockholder, ' Make that representation good by paying for your stock.
Page 535 - On this day of , Nineteen Hundred and Thirty , before me personally appeared and (his wife) (her husband), to me known to be the persons described in and who executed the foregoing instrument, and acknowledged that they executed the same as their free act and deed.
Page 602 - ... to make and perform contracts of any kind and description; and in carrying on its business, or for the purpose of attaining or furthering any of its objects, to do any and all other acts and things, and to exercise any and all other powers which a copartnership or natural person could do and exercise, and which now or hereafter may be authorized by law.