Cyclopedia of the Law of Private Corporations, Volume 6Callaghan, 1919 - Corporation law |
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Page 6016
... statute.27 And since they are not general creditors , they have no right to appropriate to the payment of their stock any assets other than those which the statute specifically subjects to their lien until the general and other ...
... statute.27 And since they are not general creditors , they have no right to appropriate to the payment of their stock any assets other than those which the statute specifically subjects to their lien until the general and other ...
Page 6037
... statute under which it was created , or of a statute which authorizes the corporation to give it a voting power different from that prescribed by the constitution.17 The holder of preferred stock may waive a right to vote it given 12 ...
... statute under which it was created , or of a statute which authorizes the corporation to give it a voting power different from that prescribed by the constitution.17 The holder of preferred stock may waive a right to vote it given 12 ...
Page 6042
... statute in at least one state that no preference shall be granted nor shall any distinction be made between the two classes of stockholders in this regard.32 On the other hand , by statute in some states preferred stockholders are ...
... statute in at least one state that no preference shall be granted nor shall any distinction be made between the two classes of stockholders in this regard.32 On the other hand , by statute in some states preferred stockholders are ...
Page 6047
... statute . But where retirement is specifically authorized by the statute , statutory requirements as to the manner in which stock may be reduced do not apply.61 All arrears of dividends must be paid when the contract so provides.62 And ...
... statute . But where retirement is specifically authorized by the statute , statutory requirements as to the manner in which stock may be reduced do not apply.61 All arrears of dividends must be paid when the contract so provides.62 And ...
Page 6073
... statute express- ly makes it the duty of the directors of a corporation to declare regular dividends of its accumulated profits , if any exist after reserving , over and above its capital , such sum as work- ing capital as may be fixed ...
... statute express- ly makes it the duty of the directors of a corporation to declare regular dividends of its accumulated profits , if any exist after reserving , over and above its capital , such sum as work- ing capital as may be fixed ...
Common terms and phrases
action aff'd aff'g agreement amount Ass'n assets assignment authority bona fide bona fide purchaser by-laws capital stock certificate of stock charter Colo Conn contract corporation court court of equity creditors debt declared delivery dends directors divi earnings entitled equity Estate fact ferred fraud held holders Illinois indorsed infra Iowa issued Jersey liability lien majority stockholders Mass Massachusetts ment Minn N. J. Eq N. Y. App N. Y. Misc N. Y. Supp notice Ohio St owner paid parties payment Pennsylvania person pledge pledgor poration power of attorney preferred stock profits provision purchaser remainderman rev'g rule sell seller shares of stock Smith statute stock dividend stockholders supra Tenn tion transfer Trust Utah valid W. R. Co Wash York
Popular passages
Page 6438 - The certificate has been transferred to a purchaser for value in good faith without notice of any facts making the transfer wrongful...
Page 6515 - All contracts for the sale of shares of the capital stock of any corporation or association, on margin or to be delivered at a future day, shall be void, and any money paid on such contracts may be recovered by the party paying it by suit in any Court of competent jurisdiction.
Page 6303 - The title of a transferee of a certificate under a power of attorney or assignment not written upon the certificate, and the title of any person claiming under such transferee shall cease and determine if, at any time prior to the surrender of the certificate to the corporation issuing it, another person, for value in good faith, and without notice of the prior transfer, shall purchase and obtain delivery of such certificate with the indorsement of the person appearing by the certificate to be the...
Page 6505 - And by the seventeenth section of the same statute it is enacted, that " no contract for the sale of any goods, wares and merchandizes, for the price of ten pounds sterling or upwards, shall be allowed to be good, except the buyer shall accept part of the goods so sold, and actually receive the same, or give something in earnest to bind the bargain, or in part...
Page 6505 - ... or any interest in or concerning them ; or upon any agreement that is not to be performed within the space of one year from the making thereof; unless the agreement upon which such action shall be brought, or some memorandum or note thereof, shall be in writing, and signed by the party to be charged therewith, or some other person thereunto...
Page 6303 - By delivery of the certificate and a separate document containing a written assignment of the certificate or a power of attorney to sell, assign, or transfer the same or the shares represented thereby, signed by the person appearing by the certificate to be the owner of the shares represented thereby.
Page 6096 - Theoretically, the expenses chargeable to earnings include the general expenses of keeping up the organization of the company, and all expenses incurred in operating the works and keeping them in good condition and repair; whilst expenses chargeable to capital include those which are incurred in the original construction of the works, and in the subsequent enlargement and improvement thereof.
Page 6335 - ... no transfer of stock shall be valid for any purpose whatever, except to render the person to whom it shall be transferred liable for the debts of the company, according to the provisions of this act, until it shall have been entered therein as required by this section, by an entry showing to and from whom transferred.
Page 6433 - The issue of a new certificate under an order of the court as provided in this section shall not relieve the corporation from liability in damages to a person to whom the original certificate has been or shall be transferred for value without notice of the proceedings or of the issuance of the new certificate.
Page 6186 - ... reserve part of the earnings of a prosperous year to make up for a possible lack of profits in future years; or it may retain portions of its earnings and allow them to accumulate, and then invest them in its...