A Treatise on the Law of Corporations Other Than Municipal; With Citations from the English and United States Courts, and from the Courts of Every State and Territory in the Union Volume 1

A Treatise on the Law of Corporations Other Than Municipal; With Citations from the English and United States Courts, and from the Courts of Every State and Territory in the Union Volume 1

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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. 1888 edition. Excerpt: ...Mining Co. v. Rocky Mountain Nat. Bank, 2 Col. 565. Where the charter of an insurance company provided that no losses should be settled or paid without the approval of at least four of the directors, with the president or two assistants, or a plurality of them, the declarations of the secretary of the company that the president and assistants had agreed to accept the abandonment and pay the loss, was held not binding on the company. Beatty v. Marine Ins. Co., 2 Johns. 109. An act having provided that the oath on an appeal from an award of arbitrators should be made by one of certain officers of the corporation named, it was held that it could not be done by another person. Washington, etc., Turnp. Co. v. Cullen, 8 Serg. & Rawle, 517. "Clerk v. Farmers' Woolen Manf. Co., 15 Wend. 256. 'Litchfield Iron Co. v. Bennett, 7 Cowen, 234.. 'Thayer v. Middlesex Mer. Fire Ins. Co., to Pick. 326. Where the directors of an unincorporated joint stock company are elected annually, but it does not appear that the agent is to act for one year only, his appointment is director declined the appointment. A., on being asked to become a director of a bank about to be established, said he would consent to do so if he could be convinced that a certain portion of the capital had been subscribed, and that the persons named in the prospectus as directors had actually become such. He attended one meeting of the board, and signed a check with one of the directors. Upon receiving, a few days afterward, a letter of allotment of the shares necessary to qualify him, he at once sent it back with his refusal to act as director, for the reason that he was not satisfied upon the two points named by him. The secretary wrote in answer that A.'s...show more

Product details

  • Paperback | 248 pages
  • 189 x 246 x 13mm | 449g
  • Rarebooksclub.com
  • English
  • Illustrations, black and white
  • 1236848330
  • 9781236848338