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" ... in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive... "
State Library Bulletin: Legislation - Página 211
por New York State Library - 1903
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 62

New Jersey. Court of Chancery - 1902 - 894 páginas
...thereof be liable for any further payment under the provisions of this act : and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive." Donald v. American Smelting, &c., Co. Under these provisions,...
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 69

New Jersey. Court of Chancery - 1907 - 930 páginas
...thereof be, liable for any further payment under the provisions of this act; and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive." .? liobliinx. See, Receiver, v. Heppenheimer. (This last...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 204

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1919 - 800 páginas
...provisions of this act, except the liability imposed by section twenty-nine; and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property shall be conclusive. And in addition to the powers hereinbefore enumerated, every corporation...
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Annual Report of the Board of Railroad Commissioners of the State ..., Volume 3

New York (State). Board of Railroad Commissioners - 1907 - 796 páginas
...the holder thereof be liable for any further payment under any of the provisions of this act; and iu the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation, by...
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The Federal Reporter, Volume 119

1903 - 1116 páginas
...liable for any further payment under any of the provisions of this act; and in the absence of actual fraud in the transaction, the Judgment of the directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation to...
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The Atlantic Reporter, Volume 69

1908 - 1156 páginas
...issue stock to the amount of the value thereof in payment therefor ; and that, in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive. Section 50 (page 21)4) authorizes jesis, etc., companies...
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Atlantic Reporter, Volume 84

1913 - 1140 páginas
...liable for any further payment under any of the provisions of this act; and in the absence of actual fraud In the transaction the judgment of the directors as to the value of the property purchased shall be conclusive." These sections have been so often construed by our highest...
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Atlantic Reporter, Volume 99

1917 - 1170 páginas
...said shareholders ; that capital stock may be issued for property purchased by such corporation and, in the absence of fraud In the transaction, the judgment of the board of directors as to the value of the property purchased shall be conclusive; and further that,...
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The South Western Reporter, Volume 254

1924 - 1208 páginas
...done, by personal property, or by real property or leases thereof," and, "in the absence of actual fraud in the transaction, the judgment of the directors, as to the value of such labor, property, real estate, or leases, shall be conclusive." Appellees pleaded this provision of the law, as well...
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Harvard Law Review, Volume 22

1909 - 672 páginas
...liable for any further payment under any of the provisions of this act; and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive." In Donald v. American Smelting Co- 2 the Court of Errors...
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