A Treatise On the Law of Contracts
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& Aid. 620 ; 2 Kent, Comm. Lect. 33, p. 296; Hex. v. Spencer, 3 Burr. R. 1827.
CHAP. VIII.J CORPORATIONS. 373 at any regularly appointed meeting of the corporation, may pass by-laws, although they do not constitute a majority of the whole number of members belonging to the corporation.^ But if the power to make by-laws be committed to a select body of members, as to a board of directors, it is necessary that there should be a majority of such body present fn order to act, and then a majority of... the quorum may pass by-laws.^ In all cases, however, where there is a meeting of the corpora- tion or board of directors, it should be notified to all the mem- bers of the corporation or the board, or the acts passed thereby will not be binding on those who have not received notice.^ So, also, if the meeting be stated to be for a special purpose, those present cannot proceed to accomplish a different pur- pose.* § 315. Corporations have also a power of electing officers and members ; and the regulation of such election may be made by the corporation, if they be not created by the charter.
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You can find similar books in the "Read Also" column, or choose other free books by Story William Wetmore to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
& Aid. 620 ; 2 Kent, Comm. Lect. 33, p. 296; Hex. v. Spencer, 3 Burr. R. 1827.
CHAP. VIII.J CORPORATIONS. 373 at any regularly appointed meeting of the corporation, may pass by-laws, although they do not constitute a majority of the whole number of members belonging to the corporation.^ But if the power to make by-laws be committed to a select body of members, as to a board of directors, it is necessary that there should be a majority of such body present fn order to act, and then a majority of... the quorum may pass by-laws.^ In all cases, however, where there is a meeting of the corpora- tion or board of directors, it should be notified to all the mem- bers of the corporation or the board, or the acts passed thereby will not be binding on those who have not received notice.^ So, also, if the meeting be stated to be for a special purpose, those present cannot proceed to accomplish a different pur- pose.* § 315. Corporations have also a power of electing officers and members ; and the regulation of such election may be made by the corporation, if they be not created by the charter.
What to read after A Treatise On the Law of Contracts?
You can find similar books in the "Read Also" column, or choose other free books by Story William Wetmore to read onlineMoreLess
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