The Law of Mortgage And Other Securities Upon Property
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In our eReader you can find the full English version of the book. Read The Law of Mortgage And Other Securities Upon Property Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Law of Mortgage And Other Securities Upon Property
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Ch., N. S, 323.
291.
DISSOLUTION OF PARTNERSHIP. 145 separate interest in it of one of the partners in respect of a debt not arising out of a partnership transaction (Z).
201. As it is only on the dissolution of the partnership that the equity arises against the partnership estate, no lien accrues (in the absence of a special contract) to a company against the shares of a proprietor for a debt due from him to the company, where the shares are transferable like stock, subject only to the approva...l by the company of the transferee ; the transfer working no dissolution and the shareholder in such a case being considered as a stranger as to his borrowing from the company {m). An express stipulation in the deed of settlement, notice of which is endorsed on the share certificates, that the company shall have a lien on the shares of proprietors who are customers of and indebted to the company, and that the shares shall not be transferred without the consent of the directors, will prevail against the bankruptcy trustee of a shareholder possessed of the certificates, the directors being able to refuse their consent to the transfer (w) ; though, where the shareholder has fiill power to transfer, the shares will pass to the trustee (o).
What to read after The Law of Mortgage And Other Securities Upon Property?
You can find similar books in the "Read Also" column, or choose other free books by William Richard Fisher to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Ch., N. S, 323.
291.
DISSOLUTION OF PARTNERSHIP. 145 separate interest in it of one of the partners in respect of a debt not arising out of a partnership transaction (Z).
201. As it is only on the dissolution of the partnership that the equity arises against the partnership estate, no lien accrues (in the absence of a special contract) to a company against the shares of a proprietor for a debt due from him to the company, where the shares are transferable like stock, subject only to the approva...l by the company of the transferee ; the transfer working no dissolution and the shareholder in such a case being considered as a stranger as to his borrowing from the company {m). An express stipulation in the deed of settlement, notice of which is endorsed on the share certificates, that the company shall have a lien on the shares of proprietors who are customers of and indebted to the company, and that the shares shall not be transferred without the consent of the directors, will prevail against the bankruptcy trustee of a shareholder possessed of the certificates, the directors being able to refuse their consent to the transfer (w) ; though, where the shareholder has fiill power to transfer, the shares will pass to the trustee (o).
What to read after The Law of Mortgage And Other Securities Upon Property?
You can find similar books in the "Read Also" column, or choose other free books by William Richard Fisher to read onlineMoreLess
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