| Millard Filmore Watts, Missouri - 1903 - 576 Seiten
...note or obligation given by any stockholder, whether secured by deed of trust, mortgage or otherwise, shall be considered as payment of any part of the capital stock, and no loan of money shall be made by the corporation to any stockholder therein ; and if such loan... | |
| New Jersey - 1903 - 290 Seiten
...the business had been paid." (Bennett v. Milville Imp. Co., 51 Atl. Rep., 706.) 48. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase... | |
| New Mexico - 1903 - 836 Seiten
...Sec. 54. — Capital Stock to Be Paid in Money; Loans to Stockholder? Forbidden. .Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase... | |
| Joseph Henry Beale - 1904 - 1208 Seiten
...so issued." M "No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock." 21 "In no case shall stock be sold or disposed of at less than par, except by a vote of three-fourths... | |
| Massachusetts - 1904 - 160 Seiten
...preceding section. No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment of any part of the capital stock. SECTION 45. If the corporation was organized for the purpose of acquiring claims against, or property... | |
| William Irvin Brobeck - 1904 - 1434 Seiten
...fire, a sum exceeding one-tenth part of their capital actually paid in. Sec. 52. Nothing but money shall be considered as payment of any part of the capital stock, and no loan of money shall be made by any such company to any stockholder therein; and, if any such... | |
| William Zebina Ripley - 1905 - 522 Seiten
...met the issue adroitly.4 Its Corporation Act, as revised in 1896, recites that " nothing but money shall be considered as payment of any part of the capital stock " ; except that any corporation may purchase property by the issue of securities, in which case "the... | |
| New Mexico - 1905 - 478 Seiten
...Sec. 54. — Capital Stock to Be Paid in Money; Lcans to Stockholders Forbidden. Nothing but money shall be considered as payment of any part of the capital stock of any corporation organized under this act, except as hereinafter provided in case of the purchase... | |
| Martha Uboe Overland - 1905 - 484 Seiten
...provisions. May be fixed by charter or by-laws. Consideration for Issue. No note, obligation or security shall be considered as payment of any part of the capital stock. § 850. The capital stock, in absence of contrary charter provision, may be paid for in property at... | |
| M. Jezabek, M. Praszałowicz - 1906 - 476 Seiten
...New Jersey "Act concerning Corporations,'' 1 Revision of 1896, are as follows: "48. Nothing but money shall be considered as payment of any part of the capital stock of any corporation under this act, except as hereinafter provided in case of the purchase of property.... | |
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