The Statute And Case Law of the State of New Jersey Relating to Business Compani
The Statute And Case Law of the State of New Jersey Relating to Business Compani
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In our eReader you can find the full English version of the book. Read The Statute And Case Law of the State of New Jersey Relating to Business Compani 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 Statute And Case Law of the State of New Jersey Relating to Business Compani
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" (P. L. 1829, p. 58. ) Under that Act it was held that the only criterion of insolvency furnished by the Act was the suspension of business, and that the act of insolvency contemplated by the statute is committed at the time the company suspends its ordinary business operations. {Bedford v. Nezuark Machine Co. , 16 N. J. Eq. , 117. ) 64. Conveyance or assignment of property, etc. , after insol- vency, or contemplation of insolvency, void as against creditors.
W'henex'er any corporation shall b...ecome insolvent or shall suspend its ordinary business for want of funds to carry on th. E insolvency; convEyanck of propkrty void. ^y same, neither the (hrectors nor any officer or agent of the cor- § 64 poration shall sell, convey, assign or transfer any of its estate, effects, Glioses in action, goods, chattels, rights or credits, lands or tenements; nor shall they or either of them make any such sale, convevance, assignment or transfer in contemplation of in- solvency, and every such sale, conveyance, assignment or trans- fer shall be utterly null and void as against creditors; provided, that a bojia fide purchase for a valuable consideration, before the corporation shall have actually suspended its ordinary business, by any person without notice of such insolvency or of the sale being made in contemplation of insolvency, shall not be invali- dated or iiupeached.
What to read after The Statute And Case Law of the State of New Jersey Relating to Business Compani?
You can find similar books in the "Read Also" column, or choose other free books by James B James Brooks Dill to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" (P. L. 1829, p. 58. ) Under that Act it was held that the only criterion of insolvency furnished by the Act was the suspension of business, and that the act of insolvency contemplated by the statute is committed at the time the company suspends its ordinary business operations. {Bedford v. Nezuark Machine Co. , 16 N. J. Eq. , 117. ) 64. Conveyance or assignment of property, etc. , after insol- vency, or contemplation of insolvency, void as against creditors.
W'henex'er any corporation shall b...ecome insolvent or shall suspend its ordinary business for want of funds to carry on th. E insolvency; convEyanck of propkrty void. ^y same, neither the (hrectors nor any officer or agent of the cor- § 64 poration shall sell, convey, assign or transfer any of its estate, effects, Glioses in action, goods, chattels, rights or credits, lands or tenements; nor shall they or either of them make any such sale, convevance, assignment or transfer in contemplation of in- solvency, and every such sale, conveyance, assignment or trans- fer shall be utterly null and void as against creditors; provided, that a bojia fide purchase for a valuable consideration, before the corporation shall have actually suspended its ordinary business, by any person without notice of such insolvency or of the sale being made in contemplation of insolvency, shall not be invali- dated or iiupeached.
What to read after The Statute And Case Law of the State of New Jersey Relating to Business Compani?
You can find similar books in the "Read Also" column, or choose other free books by James B James Brooks Dill to read onlineMoreLess
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