A Summary of the Law of Private Corporations
A Summary of the Law of Private Corporations
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59 Me. 277; Hoffman Steam Coal Co. V. Cumberland Coal, etc. , Co.. 16 Md. 456; Kelley V. Xewburyport, etc.. Horse R. Co. , 141 Mass. 499; People v.
4 4 DIEECTOKS. 167 III. The third view is that such contracts, when fair in themselves, and entered into in good faith are valid; but the courts will closely scrutinize them to see that the;y; fulfill the above requisites. ""^ § 171. Directors and shareholders. — " There is no legal privity, relation, or immediate connection between the holders of s...hares in a bank, in- their individual capacity, on the one side, and the directors of the bank on the other. The directors are not the bailees, the factors, agents, or trustees of such individual stockholders. The bank is a coqDoration and body politic having a sepa- rate existence as a distinct person in law, in whom the whole stock and property of the bank are vested, and to whom all agents, debtors, officers, and servants are responsible for all contracts, express or implied, made in reference to such capital, and for all torts and injuries diminishing or impairing it.
What to read after A Summary of the Law of Private Corporations?
You can find similar books in the "Read Also" column, or choose other free books by Leslie J Leslie Jay Tompkins to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
59 Me. 277; Hoffman Steam Coal Co. V. Cumberland Coal, etc. , Co.. 16 Md. 456; Kelley V. Xewburyport, etc.. Horse R. Co. , 141 Mass. 499; People v.
4 4 DIEECTOKS. 167 III. The third view is that such contracts, when fair in themselves, and entered into in good faith are valid; but the courts will closely scrutinize them to see that the;y; fulfill the above requisites. ""^ § 171. Directors and shareholders. — " There is no legal privity, relation, or immediate connection between the holders of s...hares in a bank, in- their individual capacity, on the one side, and the directors of the bank on the other. The directors are not the bailees, the factors, agents, or trustees of such individual stockholders. The bank is a coqDoration and body politic having a sepa- rate existence as a distinct person in law, in whom the whole stock and property of the bank are vested, and to whom all agents, debtors, officers, and servants are responsible for all contracts, express or implied, made in reference to such capital, and for all torts and injuries diminishing or impairing it.
What to read after A Summary of the Law of Private Corporations?
You can find similar books in the "Read Also" column, or choose other free books by Leslie J Leslie Jay Tompkins to read onlineMoreLess
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