A Concise Treatise On the Law of Corporations Having Capital Stock Including Ma
A Concise Treatise On the Law of Corporations Having Capital Stock Including Ma
Charles Tappan Haviland
The book A Concise Treatise On the Law of Corporations Having Capital Stock Including Ma was written by author Charles Tappan Haviland Here you can read free online of A Concise Treatise On the Law of Corporations Having Capital Stock Including Ma book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is A Concise Treatise On the Law of Corporations Having Capital Stock Including Ma a good or bad book?
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Billiard, 79 id. 404; The Rector, etc. , of Trin. Ch. V. Bruce v. Piatt, %o \A. 2-()\ Bonnellv. THE LIABILITIES OF OFFICERS AND DIRECTORS. I/I All the attributes of an action to recover a penalty follow it. It must be commenced within three years from the time the cause of action accrues;' it abates upon the death of either party, and cannot be revived by or against their per- sonal representatives; ' it cannot be interposed as a counter- claim in an action ; ' nor can the cause of action be jo...ined with an action against defendant to charge him with a liabil- ity as a stockholder because of the failure of the corporation to file a certificate of payment of capital stock ; ' and it is no defence that the corporation is indebted to the tru. Stee. " A trustee sued to enforce this liability is entitled to have the action tried in the county where the cause of action arose, irrespective of the convenience of witnesses;'" and he may . Serve an unverified answer to a verified complaint. ' All of the trustees being equally chargeable with the duty of making a report, one trustee, being a creditor, cannot re- cover from his co-trustees under this section, nor can his assign- ees nor a firm with which he is connected.
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