Leading Cases on Private Corporations: To Accompany Principles of Private Corporations |
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Common terms and phrases
action agents agreed agreement alleged amount appears applied association authority Bank become benefit body bonds brought called capital stock carry cause certificate charter claim common complaint consideration considered constitution contract corporation court created creditors damages dealing debts decision defendant directors doctrine duty effect entered equity evidence executed existence express fact faith follows fund further give given granted ground held hold holders incorporation increase individual intent interest issued judgment Justice liability limited manufacturing matter meeting ment mortgage nature necessary objects obtained officers opinion organized original owner paid parties passed payment persons plaintiff present principle provisions purchase question railroad reason received respect road rule shareholders shares statute stockholders subscribed subscription suit tion transaction transfer true trust wrong
Popular passages
Page 294 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it. either expressly, or as incidental to its very existence.
Page 424 - ... 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 456 - And the said records and judicial proceedings, authenticated as aforesaid, shall have such faith and credit given to them in every court within the United States as they have by law or usage in the courts of the State from whence the said records are or shall be taken.
Page 328 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 371 - As a creditors' bill, in the ordinary sense, the complaint is manifestly insufficient. The thresher company, however, plants itself upon the so-called "trust-fund" doctrine .that the capital stock of a corporation is a trust fund for the payment of its debts; its contention being that such a
Page 373 - 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 532 - ... the Judgment must be reversed, and the case remanded to the Circuit Court, with directions to set aside the verdict, and to order a new trial.
Page 524 - In this court, the doctrine is well settled, that in actions of tort the jury, in addition to the sum awarded by way of compensation for the plaintiff's injury, may award exemplary, punitive or vindictive damages, sometimes called smart money, if the defendant has acted wantonly, or oppressively, or with such malice as implies a spirit of mischief or criminal indifference to civil obligations.
Page 291 - If the act of incorporation be a grant of political power, if it create a civil institution to be employed in the administration of the government, or if the funds of the college be public property, or if the State of New Hampshire, as a government, be alone interested in its transactions, the subject is one in which the legislature of the state may act according to its own judgment...
Page 308 - That the framers of the constitution did not intend to restrain the states in the regulation of their civil institutions, adopted for internal government, and that the instrument they have given us, is not to be so construed, may be admitted.
Bibliographic information
| Title | Leading Cases on Private Corporations: To Accompany Principles of Private Corporations Making of modern law |
| Author | Charles Burke Elliott |
| Edition | 2 |
| Publisher | Bowen-Merrill Company, 1898 |
| Length | 341 pages |
| Export Citation | BiBTeX EndNote RefMan |