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ISSUE OF AND LIABILITY ON STOCK
STOCK MAYBE ISSUED LEGALLY FOR MONEY OR PROPERTY
The certiﬁcate of incorporation under the general act cannot legally contain
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aff'd agent agreement amount assets Assoc Bank beneﬁt bonus by-law cancel capital stock carmot cash cents certiﬁcate certificate of stock charter common stock contract corporate creditors County court held court of equity debts defendant directors dividends enforced equity ﬁde ﬁrst forfeiture fraud fraudulent full-paid fully paid held liable hold holders illegal incorporation insolvent Iowa issue of stock issue stock issued for property L. T. Rep ment mortgage N. J. Eq N. Y. App overvaluation paid-up pany parties payment person poration preferred stock proﬁt promoters purchaser Quoted and approved railroad received rescind scription sell shares of stock sold statute stock and bonds stock issued stockholders subscribe for stock subscription thereof tion transaction transfer treasury stock trust ultra vires void vote watered stock York