A Selection of Cases on the Law of Private Corporations

A Selection of Cases on the Law of Private Corporations

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ... as t_0f_l1cents ultimate purpose, it is but reasonable that the will of the i1iallltl' should prevail as to the mode by which it may be accon1Pll5llfl' It would not be an illegal-agreement if articles of a partnership should provide that stock in a corporation owned by the p&1'l"@l' 5lllPi tl10l1gh standing in the individual names of the Pall,"el5' should be voted by one of its members, and it is no more against Pllbllc Policy for such an agreement to be entered into between stockholders whose interests in the stock are separate T113" "lheie their interests are joint. Viewed from considerations 0f_ Pllllllc Plly merely, it is immaterial whether such an agreement 15IT1'l_ bl' the members of an existing partnership, which owns the Sllellfil or in Pursuance of an agreement by two or more Persons-or-:2 =1 Partnership for their purchase, or to purchase them for their Jle account, or as one of the terms of an agreement for their P"lCll;;I; by Persons who contemplate no relation to each other further nt that of owning stock in the same corporation. Such agreenicl would, in any case, be outside of the corporation and ll cents0"nec: with the interest of every other stockholder, and, in ellller mi-' the same rules would control. VVhether such an _ lllegal, so that any action or vote under it can be set asl n of such a character that it will not be enforced, will dePend uiioer the object with which it is made, or the acts that are done imhlis it, and will be governed by other rules of law. Mr. Beach! 'gang treatise l'l l'P0rations, section 304, says: " The owners Olf St the may enter into agreements as between themselves $0 ll" oflicers of the company, and to managshow more

Product details

  • Paperback | 438 pages
  • 189 x 246 x 23mm | 776g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236751728
  • 9781236751720