Cases on Private Corporations |
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Page 1
... present time , or that shall ever hereafter exist , are but one person in law , a 1 - PRIVATE CORP . I person that never dies : in like manner as the CHAPTER I THE LEGAL CONCEPTION OF A CORPORATION SECTION PAGE Considered in its ...
... present time , or that shall ever hereafter exist , are but one person in law , a 1 - PRIVATE CORP . I person that never dies : in like manner as the CHAPTER I THE LEGAL CONCEPTION OF A CORPORATION SECTION PAGE Considered in its ...
Page 10
... present case in facts , but they are sufficiently analogous to be au- thority upon the principle that the plaintiff , as the sole stockholder of the corporation , is not the legal owner of its property . He may have an equitable ...
... present case in facts , but they are sufficiently analogous to be au- thority upon the principle that the plaintiff , as the sole stockholder of the corporation , is not the legal owner of its property . He may have an equitable ...
Page 26
... name , would be unquestionably void against creditors . The only real difficulty in the present case is whether the stockholders are so completely severed , in the view of the law 26 LEGAL CONCEPTION OF CORPORATION .
... name , would be unquestionably void against creditors . The only real difficulty in the present case is whether the stockholders are so completely severed , in the view of the law 26 LEGAL CONCEPTION OF CORPORATION .
Page 29
... present case are stated , and also the principles of law involved ; and this present opinion will con- sist largely of references to those cases and quotations from the opinions therein . On June 4 , 1887 , the plaintiff herein ...
... present case are stated , and also the principles of law involved ; and this present opinion will con- sist largely of references to those cases and quotations from the opinions therein . On June 4 , 1887 , the plaintiff herein ...
Page 42
... to refer to them now . I do not think the case of Kodak , Ld . , v . Clark ( 1 ) ( 1 ) - ( 1902 ) 2 K. B. 450 ; ( 1903 ) 1 K. B. 505 . decides the present question . It seems to me there 42 LEGAL CONCEPTION OF CORPORATION .
... to refer to them now . I do not think the case of Kodak , Ld . , v . Clark ( 1 ) ( 1 ) - ( 1902 ) 2 K. B. 450 ; ( 1903 ) 1 K. B. 505 . decides the present question . It seems to me there 42 LEGAL CONCEPTION OF CORPORATION .
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Common terms and phrases
action affirmed agent agreement alleged amount appellant appellee applied articles of association assets association authority bill board of directors bonds by-laws capital stock certificate cestuis que trust charter Circuit Court claim complainant contract court of equity creditors debt decision declared deed defendant demurrer dividend doctrine duty enforce entitled equity estopped estoppel executed exercise existence fact filed franchise fraud held hold holders incorporation individual interest issued judgment justice lease liability Mass memorandum of association ment mortgage N. J. Eq National Bank officers organized owner paid pany par value parties partnership payment persons Perun plaintiff plaintiff in error poration preferred stock provisions purchase purpose question railroad company railway received referred rule secure shareholders statute stockholders subscribed subscription suit thereof tion transaction transfer trust ultra vires valid void vote
Popular passages
Page 69 - 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 655 - ... that the plaintiff was a shareholder at the time of the transaction of which he complains or that his share thereafter devolved on him by operation of law...
Page 719 - ... 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 or any other state, and while owner of such stock may exercise all the rights, powers and privileges of ownership, including the right to vote thereon.
Page 627 - No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void.
Page 335 - The principle of public policy is this : Ex dolo malo non oritur actio. No court will lend its aid to a man who founds his cause of action upon an immoral or an illegal act.
Page 151 - A paper is said to be filed when it is delivered to the proper officer, and by him received, to be kept on file.
Page 635 - 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 21 - When construing and enforcing the provisions of this act, the act, omission, or failure of any officer, agent, or other person acting for or employed by any...
Page 125 - Every such increase or reduction must be authorized either by the unanimous consent of the stockholders, expressed in writing and filed in the office of the secretary of state and in the office of the clerk of the county in which the...
Page 335 - Cowper, 341, decided in 1775, that "the objection that a contract is immoral or illegal as between the plaintiff and defendant, sounds at all times very ill in the mouth of the defendant. It is not for his sake, however, that the objection is ever allowed ; but it is founded in general principles of policy, which the defendant has the advantage of, contrary to the real justice, as between him and the plaintiff, by accident, if I may so say.