Cases on Private Corporations |
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Page 10
... principle that the plaintiff , as the sole stockholder of the corporation , is not the legal owner of its property . He may have an equitable interest in it , but in this action he must show a legal title to the property in himself in ...
... principle that the plaintiff , as the sole stockholder of the corporation , is not the legal owner of its property . He may have an equitable interest in it , but in this action he must show a legal title to the property in himself in ...
Page 20
... principle governing civil liability , we go only a step farther in holding that the act of the agent , while exercising the authority delegated to him to make rates for transportation , may be controlled , in the interest of public ...
... principle governing civil liability , we go only a step farther in holding that the act of the agent , while exercising the authority delegated to him to make rates for transportation , may be controlled , in the interest of public ...
Page 41
... principle to those of the shareholders of an English limited liability company in their relation to the company . The property of the com- pany is not the property of the shareholders ; it is the property of the company . The interest ...
... principle to those of the shareholders of an English limited liability company in their relation to the company . The property of the com- pany is not the property of the shareholders ; it is the property of the company . The interest ...
Page 58
... principle that a corporation is simply an asso- ciation of natural persons , united in one body under a special de- nomination , and vested by the policy of the law with the capacity of acting in several respects as an individual , and ...
... principle that a corporation is simply an asso- ciation of natural persons , united in one body under a special de- nomination , and vested by the policy of the law with the capacity of acting in several respects as an individual , and ...
Page 64
... principle is elementary , but is inapplicable to this case for a twofold reason : First , because the analysis which we have hitherto made of the opinion of this court on the prior hearing makes it certain that the undoubted ob- ject ...
... principle is elementary , but is inapplicable to this case for a twofold reason : First , because the analysis which we have hitherto made of the opinion of this court on the prior hearing makes it certain that the undoubted ob- ject ...
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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 67 - 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 653 - ... 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 717 - ... 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 625 - 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 333 - 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 149 - 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 633 - 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 19 - 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 123 - 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 333 - 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.