A Treatise on the Liability of Stockholders in Corporations

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F.H. Thomas, 1879 - 528 páginas
 

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Página 11 - 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.
Página 412 - Persons severally liable upon the same obligation or instrument, including the parties to bills of exchange and promissory notes, and sureties on the same or separate instruments, may all or any of them be included in the same action, at the option of the plaintiff...
Página 222 - In the event of a company formed under this act being wound up, every present and past member of lueh company shall be liable to contribute to the assets of the company, to an amount sufficient for payment of the debts and liabilities of the company...
Página 82 - Without the remedy the contract may, indeed, in the sense of the law, be said not to exist, and its obligation to fall within the class of those moral and social duties which depend for their fulfilment wholly upon the will of the individual.
Página 123 - The subscribers of the memorandum of association of any company under this Act shall be deemed to have agreed to become members of the company whose memorandum they have subscribed, and, upon the...
Página 11 - Among the most important are immortality, and if the expression may be allowed, individuality; properties by which a perpetual succession of many persons are considered as the same, and may act as a single individual.
Página 145 - 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...
Página 43 - All the stockholders of every company incorporated under this act, shall be severally individually liable to the creditors of the company in which they are stockholders, to an amount equal to the amount of stock held by them respectively...
Página 275 - Court may decide any question relating to the title of any person who is a party to the application to have his name entered in or omitted from the register...
Página 356 - Servants, all Actions of Debt grounded upon any Lending or Contract without Specialty...

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