A Treatise on the Law of Private Corporations: Also of Joint Stock Companies and Other Unincorporated Associations, Volume 1

Front Cover
T. H. Flood, 1905 - Corporation law - 2384 pages
 

Selected pages

Contents

Ecclesiastical and lay corporations
14
Industrial corporations
20
POWER TO INCORPORATE
22
66a Selfincorporation by act of court
33
69
45
The contract between the incorporators and third parties
53
The privilege must be clearly expressed in the charter
60
CHAPTER IV
73
Effect of irregularities in articles
82
Legislative discretion not to be questioned judicially
89
Of the dissenting stockholders remedy
114
99a Misnomer in pleadings
127
When affixed the seal is presumed to be authorized
133
Reorganization of a partnership as a corporation
135
116
146
124
152
Essentials of de facto corporate existence
158
Continuing liability of the partners for the debts of
162
Liability of members from acts prior to incorporation
167
131a Liability from fraud or deceit
174
BONA FIDE PURCHASER
181
Page
184
Waiver of bylaws
186
Constitution of unincorporated associations
188
153
194
161
202
Penalties expulsion fines
212
171
221
CHAPTER X
234
189
241
193
247
a By the companys purchase of its own shares
253
CHAPTER XI
259
203
265
Subscription after incorporation
272
Mode of application and allotment of shares
279
Cash deposit on subscription
280
Effect of legislation upon agreement of subscription
282
Effect of consolidation upon agreement to subscribe
283
Construction of the contract
284
Intention of the parties is to govern the contract
285
B WHO MAY RECEIVE SUBSCRIPTIONS AND WHO MAY SUBSCRIBE 216 Who may receive subscriptions
287
Commissioners appointed to receive subscription
288
Limitation of amount of a single subscription
290
Competency to subscribe for stock
292
The state as a subscriber to stock
293
Substitution of subscriber
300
PROOF OF SUBSCRIPTION 225 Evidence of subscription
301
226a Conditional subscription as defense Estoppel
302
May be conditional when made after incorporation
303
Valid or void conditions
304
Conditional subscriptions made before incorporation
306
Revocation or withdrawal of conditions
307
Conditions subsequent
309
Waiver of conditions
311
Secret and separate conditions are void
316
Subscription upon special terms
319
Subscription not binding until performance of conditions
320
Waiver of performance of conditions
324
E WITHDRAWAL RELEASE AND DISCHARGE OF SUBSCRIBERS 240 Withdrawal from subscription by consent of the corpora tion
325
Want of power in the directors to release
327
Release in compromise of doubtful claims
330
Withdrawal and abandonment
333
Effect of withdrawal
335
The English rule as to withdrawal
337
FRAUDULENT AGREEMENTS
354
253a Constructive fraud in release
360
257
369
Waiver of irregularities Acquiescence in the contract
376
CHAPTER XII
383
Bona fide purchaser of stock
391
LOST OR STOLEN STOCK 274 Lost or stolen certificate of stock
393
E IRREGULARITY AND FRAUDULENTLY ISSUED STOCK 275 Overissue of stock Charter may be forfeited
395
Fraudulent overissue
397
Liability for overissue of stock
400
Knowledge and acquiescence of creditors in overissue
404
Shares issued below par
428
Shares issued as a gratuity
431
Watered stock issued as a bonus
433
Shares issued reciting that they are fully paid up
434
Liability for issue of watered stock Corporate officers
435
Liability of purchaser with notice
436
Liability of the stockholder as transferee
437
Who may complain of the issue of watered stock
439
Constitutional provisions as to watered stock
440
Statutory provisions as to watered stock
441
G THE TRUST FUND DOCTRINE 299 The trust fund theory as to stock
443
Right of subsequent creditors to question right to convey corporate property
448
301a American trust fund doctrine
449
Trust fund The theory obsolete
450
301c Stock which is and that which is not chargeable with a trust
451
CHAPTER XIII
452
Call defined
453
When a call is necessary
455
Calls by whom to be made
456
Discretion of the directors in making
457
Notice of call or assessment
460
Call as to time and place of payment
462
Validity of calls
465
Mode of making calls
466
Payment of calls after transfer who is liable
468
317a Calls upon shareholders for unpaid subscriptions
469
Pleading and practice in suits to enforce payment
470
Forfeiture the companys remedy upon unpaid calls
471
a Forfeiture of shares for nonpayment
473
b Notice of forfeiture
475
c Method of forfeiture
476
d Tender by stockholder before forefeiture
477
e The corporations claim for deficiency upon sale or forfeiture
478
f Shareholders relief in equity from forfeiture
479
Defenses to actions to enforce calls
481
c Infancy
482
e Bankruptcy of shareholder
483
g Statute of limitations as defense to contract of sub scriptions to stock
484
Assessment upon shareholders
493
a Assessment requires consent of all the stockholders
494
337a c Sale of shares for nonpayment of assessments
495
Professor Collins rules as to subscription and payment
501
Payment may be in cash in stock or in stock dividend
507
Payment of less than par
514
348a Fraudulent method of pretended payment
520
TRANSFER BY GIFT OR WILL
521
350a Transfer of shares Sellers option to repurchase
526
f Transfer by jointowners
532
Gift of shares of stock
537
a The effect of transfer
544
e Transfers to a dummy a man of straw
551
384
565
g of guardians
572
396
579
Registered transfer absolute in form held a pledge when
581
Right to register the stock
584
Right to vote at corporate meetings
585
Remedies of the pledgor
586
Pledgors right of redemption
587
Registry when required by statute or charter
588
410a Effect of omission to register
590
Provisions requiring registry
591
Effect of nonregisty of transfer
593
Presumption of fraud from failure to register
595
Registration as evidence and notice of title
596
Of defective transfer
597
Of transfer to an irresponsibe person
598
Right and duty of the corporation to refuse to register when
599
Grounds for refusal to allow registry Lien of the corpo ration
600
Of transfer of stolen or lost certificate
602
Liability of the corporation for allowing registry of forged certificate
603
Liability of the corporation for wrongful registry
606
Registry without surrender of the certificate
608
Remedies of the transferee for wrongful refusal to allow registry
616
Whether mandamus will lie to enforce registry
618
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