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, 1913 - 38 páginas |
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Página 5
... mortgage given to secure it against liabil- ity under a contract of guaranty , which , although ultra vires , was entered into with the assent of all of its stockholders , and which it has fully per- formed by paying the obligations ...
... mortgage given to secure it against liabil- ity under a contract of guaranty , which , although ultra vires , was entered into with the assent of all of its stockholders , and which it has fully per- formed by paying the obligations ...
Página 14
... mortgage sale , or at private sale , or if for any reason the attitude of the cor- poration toward the State shall be changed from that set forth in the articles of association , it shall be the duty of the last board of directors of ...
... mortgage sale , or at private sale , or if for any reason the attitude of the cor- poration toward the State shall be changed from that set forth in the articles of association , it shall be the duty of the last board of directors of ...
Página 16
... mortgage its property , rights and franchises , the same as an individual may mortgage , etc. But the power to mortgage such franchises as are essentially corporate , such as the franchise of being a corporation , or of exercising the ...
... mortgage its property , rights and franchises , the same as an individual may mortgage , etc. But the power to mortgage such franchises as are essentially corporate , such as the franchise of being a corporation , or of exercising the ...
Página 20
... mortgage the property of the corporation , cannot complain that such resolution was not regularly adopted because one of the other directors , who voted in favor of the resolution , was the indorser of paper secured by the mortgage ...
... mortgage the property of the corporation , cannot complain that such resolution was not regularly adopted because one of the other directors , who voted in favor of the resolution , was the indorser of paper secured by the mortgage ...
Página 21
... mortgage security . - The remedy in such case is merely cumulative , leav ing the subscriber liable in an action on his subscription for the deficiency on sale , if any . - Merrimac Mining Co. v . Bagley , 14 / 501 ; Dexter ...
... mortgage security . - The remedy in such case is merely cumulative , leav ing the subscriber liable in an action on his subscription for the deficiency on sale , if any . - Merrimac Mining Co. v . Bagley , 14 / 501 ; Dexter ...
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Términos y frases comunes
act number amended amount appointed articles of association assets asso authorized capital stock Bank business in Michigan by-laws carry on business cent certificate of authority chapter one hundred charter Compiled Laws complied contract corporate debts corporate existence corporation or association corporation organized county clerk court creditors directors of corporations dividend dollars Doug eighteen hundred ninety-seven elect enforced equity estopped execution facie evidence foreign corporation forfeiture franchise fee hold holders incorporated increase indebted stockholder individually liable issue Knights of Pythias Laws of eighteen lien located mandamus ment Mizner mortgage neglect or refuse newspaper published notice number of shares organized or existing paid payment poration powers preferred stock prescribed proceedings purchaser purpose recorded repealed River Raisin Secre sell service of process specified Stat statement statute subscribed subscription tangible property tary thereof Thunder Bay tion transfer treasurer ultra vires valid vided
Pasajes populares
Página 19 - ... file in the office of the secretary of state, and also in the office of the clerk of the county in which the...
Página 33 - ... 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...
Página 32 - 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 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 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 any of the provisions of this act; and in the absence of fraud in the transaction the judgment of the directors...
Página 28 - 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 22 - The stockholders of all corporations and joint stock associations shall be individually liable for all labor performed for such corporation or association.
Página 28 - The People of the State of Michigan enact: SECTION 1. It shall be unlawful for any corporation organized under the laws of any State of the United States, except the State of Michigan, or of any foreign country, to carry on its business in this State...
Página 31 - It shall be unlawful for any person to act as agent for any foreign corporation not authorized to do business in this state or in any manner to aid in the transaction of the business of such unauthorized foreign corporation in this state.
Página 4 - The articles of every such association shall be signed by the persons associating in the first instance, and acknowledged before some person authorized by the laws of this State to take acknowledgments of deeds, and shall state — First.