Law Governing Manufacturing and Mercantile Corporations and Corporations for Other Lawful Business, Under Act No. 232, P. A. of 1903: With AnnotationsWynkoop, Hallenbeck, Crawford Company, state printers, 1909 - 38 páginas |
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Página 6
... thereof , and the amount so paid in shall not be reduced Stock may be below such per cent of its capital . Such capital stock may be paid in , either in cash or in other property , real or personal ; but where payment is made otherwise ...
... thereof , and the amount so paid in shall not be reduced Stock may be below such per cent of its capital . Such capital stock may be paid in , either in cash or in other property , real or personal ; but where payment is made otherwise ...
Página 7
... thereof ; and to make provision for calling in and cancelling the old and issu- ing new certificates of stock ; but nothing herein contained shall in any way operate to discharge any company , which may diminish its capital stock , from ...
... thereof ; and to make provision for calling in and cancelling the old and issu- ing new certificates of stock ; but nothing herein contained shall in any way operate to discharge any company , which may diminish its capital stock , from ...
Página 8
... thereof by publish- ing the same in some newspaper published in the county in which its office is located , and if there is no newspaper pub- lished in such county , then by publishing the said notice in some newspaper published in an ...
... thereof by publish- ing the same in some newspaper published in the county in which its office is located , and if there is no newspaper pub- lished in such county , then by publishing the said notice in some newspaper published in an ...
Página 9
... thereof , in any annual year , such corporation shall not thereby be dissolved , but an meeting . election may be had at any time thereafter to be fixed upon , and notice thereof to be given by the directors : Provided , Proviso . That ...
... thereof , in any annual year , such corporation shall not thereby be dissolved , but an meeting . election may be had at any time thereafter to be fixed upon , and notice thereof to be given by the directors : Provided , Proviso . That ...
Página 10
... thereof , shall be received in all the courts of this State as prima facie evidence of the due formation , existence and ca- pacity of such corporation in any suit or proceedings brought by or against the same . And in case of companies ...
... thereof , shall be received in all the courts of this State as prima facie evidence of the due formation , existence and ca- pacity of such corporation in any suit or proceedings brought by or against the same . And in case of companies ...
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Términos y frases comunes
agent amendments amount annual articles of association assent authorized capital stock Bank business in Michigan by-laws cent chapters one hundred charter common stock complied contract copy corporate debts corporate existence corporate powers corporation or association corporation organized county clerk court creditors cumulatively voted dividend dollars Doug elect equity estopped execution exercise facie evidence folio foreign corporation forfeiture franchise fee hold holders incorporated increase indebted stockholder individually liable issue Knights of Pythias labor performed Laws of eighteen lie to compel lien mandamus meeting ment milling corporations Mizner mortgage neglect or refuse newspaper published notice number of shares organized or existing paid payment poration preferred stock prescribe president and secretary proceedings purchaser purpose recorded repealed River Raisin service of process Stat statement statute subscribed subscription tangible property thereof Thunder Bay tion Toledo Ice transaction transfer treasurer valid vote
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Página 30 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them, on the same principle, among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner...
Página 18 - ... file in the office of the secretary of state, and also in the office of the clerk of the county in which the...
Página 35 - All specific State taxes, except those received from the mining companies of the Upper Peninsula, shall be applied in paying the interest upon the primary school, university, and other educational funds, and the interest and principal of the State debt, in the order herein recited, until the extinguishment of the State debt, other than the amounts due to educational funds, when such specific taxes shall be added to, and constitute a part of the primary school interest fund.
Página 29 - The term corporations as used in this article, shall be construed to include all associations and joint stock companies having any of the powers or privileges of corporations not possessed by individuals or partnerships.
Página 31 - All corporations, whether they expire by their own limitation, or are otherwise dissolved, shall nevertheless be continued for the term of three years from such expiration or dissolution bodies corporate for the purpose of prosecuting and defending suits by or against them, and of enabling them gradually to settle and close their...
Página 8 - The Certificate of Incorporation may also contain any provision which the incorporators may choose to insert for the management of the business and for the conduct of the affairs of the corporation, and any provisions creating, defining, limiting and regulating the powers of the corporation, the directors and the stockholders, or any class...
Página 30 - The general assembly shall provide, by law, that in all elections for directors or managers of incorporated companies, every stockholder shall have the right to vote, in person or by proxy, for the number of shares of stock owned by him, for as many persons as there are directors or managers to be elected...
Página 27 - To procure such certificate, every foreign corporation shall' file and record in the office of the secretary of state a certified copy of its charter or articles of incorporation...
Página 16 - Any corporation may purchase any property authorized by its certificate of incorporation, or necessary for the use and lawful purposes of such corporation, and may issue stock to the amount of the value thereof in payment therefor, and the stock so issued shall be full paid stock and not liable to any further call, neither shall the holder thereof be liable for any further payment under...
Página 9 - Courts of equity will not interfere in the management of the directors, unless it is clearly made to appear that they are guilty of fraud or misappropriation of the corporate funds, or refuse to declare a dividend when the corporation has a surplus of net profits which it can, without detriment to its business, divide among its stockholders, and when a refusal to do so would amount to such an abuse of discretion as would constitute a fraud, or breach of that good faith ПО NW 668.) which they are...