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" ... in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive... "
Atlantic Reporter - Página 104
1917
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volumen62

New Jersey. Court of Chancery - 1902 - 894 páginas
...provisions of this act : and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive." Donald v. American Smelting, &c., Co. Under these provisions, after the property has been purchased...
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volumen69

New Jersey. Court of Chancery - 1907 - 930 páginas
...the provisions of this act; and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive." .? liobliinx. See, Receiver, v. Heppenheimer. (This last clause is n6t found in the act governing the...
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Annual Report of the Board of Railroad Commissioners of the State ..., Volumen3

New York (State). Board of Railroad Commissioners - 1907 - 796 páginas
...any of the provisions of this act; and iu the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation, by law required to be published or filed, this stock...
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The Federal Reporter, Volumen119

1903 - 1116 páginas
...provisions of this act; and in the absence of actual fraud in the transaction, the Judgment of the directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation to be published or filed this stock shall not be stated...
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The Federal Reporter: Cases Argued and Determined in the ..., Volúmenes153-154

1907 - 2136 páginas
...provisions of this act; and In the absence of actual fraud in the transaction the Judgment of the dinctore as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation to be published or filed this stock shall not be stated...
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The Atlantic Reporter, Volumen69

1908 - 1156 páginas
...payment therefor ; and that, in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive. Section 50 (page 21)4) authorizes jesis, etc., companies to issue their capital stock for property...
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The Atlantic Reporter, Volumen84

1913 - 1140 páginas
...the provisions of this act; and in the absence of actual fraud In the transaction the judgment of the directors as to the value of the property purchased shall be conclusive." These sections have been so often construed by our highest court that their meaning is not open to...
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Harvard Law Review, Volumen22

1909 - 672 páginas
...non-assessable, and declaring that " in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive" Perhaps no judicial invention has given rise to as much discussion, or has more unsettled the law than...
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The New York Supplement, Volumen125

1911 - 1320 páginas
...the holder thereof be liable for any further payment under any of the provisions of this chapter ; and in the absence of fraud In the transaction the Judgment of the directors as to the value of the property purchased shall be conclusive: and in all statements and...
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The New York Supplement, Volumen154

1915 - 1288 páginas
...full-paid stock not liable to any further call, and that in the absence of fraud the judgment of the directors as to the value of the property purchased shall be conclusive. A new corporation was organized to take over the business of a lumber company, established about 50...
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