Trust Estates As Business Companies
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614, citing numerous cases.
SPittsburg Library Ass'n. v. Mercantile Library Hall Co. (1899), 189 Pa. 479, 42 Atl. 143.
9See pages 291, 306, 315, 333 of Exhibits^ infra, where language seemingly is broad enough to save the trustee harmless from liability for negligence in issuing or transferring certificates.
lOGuthrie v. Harkness (1905), 199 U. S. 148, 26 Sup. Ct. Rep. 4, 50 L. Ed. 130.
206 CHAP. XVII.] STATUS OF CERTIFICATE HOLDERS. [§ 135.
corporation of which he is a member * * * -phe rights... of in- spection rests upon the proposition that those in charge of the corporation are merely the agents of the stockholders who are the real owners of the property. In issuing the writ of man- damus the court will exercise a sound discretion and grant the right under proper safeguards to protect the interests of all con- cerned. The writ should not be granted for speculative pur- poses or to gratify idle curiosity or to aid a blackmailer, but it may not be denied to the stockholder who seeks the information for legitimate purposes." It has also been ruled, that it must be clear that the purpose is illegitimate before inspection may be refused and the burden is on the custodian of books and papers to prove a wrong purpose.
What to read after Trust Estates As Business Companies?
You can find similar books in the "Read Also" column, or choose other free books by John H John Harold Sears to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
614, citing numerous cases.
SPittsburg Library Ass'n. v. Mercantile Library Hall Co. (1899), 189 Pa. 479, 42 Atl. 143.
9See pages 291, 306, 315, 333 of Exhibits^ infra, where language seemingly is broad enough to save the trustee harmless from liability for negligence in issuing or transferring certificates.
lOGuthrie v. Harkness (1905), 199 U. S. 148, 26 Sup. Ct. Rep. 4, 50 L. Ed. 130.
206 CHAP. XVII.] STATUS OF CERTIFICATE HOLDERS. [§ 135.
corporation of which he is a member * * * -phe rights... of in- spection rests upon the proposition that those in charge of the corporation are merely the agents of the stockholders who are the real owners of the property. In issuing the writ of man- damus the court will exercise a sound discretion and grant the right under proper safeguards to protect the interests of all con- cerned. The writ should not be granted for speculative pur- poses or to gratify idle curiosity or to aid a blackmailer, but it may not be denied to the stockholder who seeks the information for legitimate purposes." It has also been ruled, that it must be clear that the purpose is illegitimate before inspection may be refused and the burden is on the custodian of books and papers to prove a wrong purpose.
What to read after Trust Estates As Business Companies?
You can find similar books in the "Read Also" column, or choose other free books by John H John Harold Sears to read onlineMoreLess
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