 | New Jersey. Court of Chancery - Law reports, digests, etc - 1907 - 930 pages
...present case, in that it lias added the words, "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.'' That, indeed, was a suit by a stockholder in a corporation, already organized... | |
 | New Jersey. Court of Chancery - Law reports, digests, etc - 1902 - 894 pages
...American Smelting, &c., Co. 3. After stock has been issued as full-paid stock for property purchased, the judgment of the directors as to the value of the property becomes conclusive, in the absence of actual fraud in the transaction, and such stock is not liable... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1919 - 800 pages
...the liability imposed by section twenty-nine; and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property shall be conclusive. And in addition to the powers hereinbefore enumerated, every corporation organized... | |
 | New York (State). Board of Railroad Commissioners - Railroads - 1907 - 796 pages
...further payment under 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... | |
 | Law reports, digests, etc - 1903 - 1116 pages
...payment under any of 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; and in all statements and reports of the corporation to be published or filed... | |
 | Law reports, digests, etc - 1923 - 1092 pages
...law, vests in the trustee in bankruptcy. [3] Coming to consider the effect of the declaration that the judgment of the directors as to the value of the property shall be conclusive in the absence of actual fraud, we are unable to agree with the referee's view.... | |
 | Law reports, digests, etc - 1908 - 1156 pages
...the value thereof in 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... | |
 | Law reports, digests, etc - 1913 - 1140 pages
...payment under any of 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... | |
 | Law reports, digests, etc - 1910 - 1132 pages
...subscriptions consists, and that It has an actual value equal to the amount for which It Is so received. The Judgment of the directors as to the value of the property accepted as payment of stock shall be final ; but the directors concurring In the Judgment of such... | |
 | Electronic journals - 1909 - 672 pages
...full paid and 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... | |
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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... 
