...reported in this respect according to the fact. Act 1875, £ 55; PL 1889, p. 412; PL 1893, § 444. " In the absence of actual fraud in the transaction the judgment of the direct" ors as to the value of the property purchased shall be conclusive " was inserted in the statute...

...did not permit the issue of stock below par, and although it declared that in the absence of fraud the judgment of the directors as to the value of the property should be final, this latter applied only to a case where the stock had already been issued. When the...

...liable to any further call, neither shall the holder thereof be liable to any further payment under the provisions of this Act, and in the absence of...value of the property purchased shall be conclusive. In all statements and reports of the corporation to be published or filed, these shares of stock shall...

...Jersey and subject itself to the legal power of the local assessors. Stock may be issued for property and in the absence of actual fraud in the transaction the judgment of the directors as to the value of property so purchased shall be final and conclusive, but in all annual reports a statement shall be...

...the actual value was equal to their par value or not. Now by statute in New York "in the absence of fraud in the transaction the judgment of the directors...value of the property purchased shall be conclusive." Section 42 of chapter 354 of the laws of 1901, amending chapter 688 of the laws of 1892. Without special...

...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 as to the value of the property purchased »hall be conclusive; and in all statements and reports of the corporation, by law re— .quired to...

...issue stock for labor done or personal property or real estate or leases thereof in the absence of fraud in the transaction the judgment of the directors as to the value of such labor, property or real estate or leases shall be conclusive." When the builuen* General whole...

...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...value of the property purchased shall be conclusive ; and in all statements and reports of the corporation to be published or filed this stock shall not...

...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...value of the property purchased shall be conclusive ; and in all statements and reports of the corporation to be published or filed this stock shall not...

...further payment under any of the provisions of this act, except the liability imposed by Section 29; and in the absence of actual fraud in the transaction,...judgment of the directors as to the value of the property shall be conclusive. And in addition to the powers hereinbefore enumerated, every corporation organized...