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Articles 1 - 9 of 9
Full-Text Articles in Law
Banks And Banking - Bank Stock Holding Company As Fraud On Double Liability Statute
Banks And Banking - Bank Stock Holding Company As Fraud On Double Liability Statute
Michigan Law Review
The question as to when, to prevent evasion of a statutory liability, a court will look behind a corporate entity in order to hold individual stockholders liable has been raised in two recent cases. The first, a federal case, involved the Detroit Bankers Company, a Michigan corporation formed for the purpose of holding and investing in bank stocks. Each corporate stock certificate of the holding company contained an "agreement" that the holder of the stock would be liable for his pro rata share of any assessment for which the corporation might become liable as a result of the failure of …
The Varying Meaning And Legal Effect Of The Word "Void", Abraham J. Levin
The Varying Meaning And Legal Effect Of The Word "Void", Abraham J. Levin
Michigan Law Review
To interpret properly what has been said or written necessitates our going beyond the dictionary into the sphere of action and reality. In its narrowest sense the, meaning of a word is the single effect which is given to it in the specific case. Insofar as nature repeats itself are we able to build up concepts and symbols which function in substantially the same way in different cases. But the mind must always be ready to discard an accepted definition of a word symbol for the particular legal effect which the circumstances demand. The same word or symbol with the …
Amendments To The Securities Act Of 1933, Laylin K. James
Amendments To The Securities Act Of 1933, Laylin K. James
Michigan Law Review
Title II of the Securities Exchange Act of 1934 amends the Securities Act of 1933. These amendments make substantial concessions to the persistent and continuous clamor against the Securities Act. They will help to allay some of the fears of corporate managements and merchant bankers. The changes affect the definition section, the exemptions, the prospectus, the civil liabilities, and administration provisions.
The Securities Exchange Act Of 1934, John E. Tracy, Alfred Brunson Macchesney
The Securities Exchange Act Of 1934, John E. Tracy, Alfred Brunson Macchesney
Michigan Law Review
The Congress has enacted and the President has just signed an act for the regulation of stock exchanges, to be known as the Securities Exchange Act of 1934. In order that we may understand the nature of the Act and the reasons for its enactment, it will be well first to consider briefly the organization and functions of stock exchanges, the evils that are claimed to have arisen from their existence, and some of the previous attempts which have been made to prevent the occurrence of such evils.
Corporate Reorganizations-Can Securities Of The New Corporation Be Forced On Recalcitrant Creditors?
Corporate Reorganizations-Can Securities Of The New Corporation Be Forced On Recalcitrant Creditors?
Indiana Law Journal
No abstract provided.
Statutory Protection Of Sureties And Cosureties, Frederick W. Ford
Statutory Protection Of Sureties And Cosureties, Frederick W. Ford
West Virginia Law Review
No abstract provided.
Constitutional Law - Power To Enact Federal Securities Act Of 1933
Constitutional Law - Power To Enact Federal Securities Act Of 1933
Michigan Law Review
The scope and implications of the Securities Act of 1933 have been set out in a recent issue of this Review. Broadly, the Act regulates the issue and sale of securities by requiring registration thereof with the Federal Trade Commission, by specifying certain data to be included in prospectuses relating to such securities, and by imposing sanctions in the form of penal and civil liabilities. The Act purports to be an exercise of the Congressional power "to regulate . . . commerce among the several states" and "to establish post offices and post roads." Various constitutional questions are involved but …
The Securities Act Of 1933, Laylin K. James
The Securities Act Of 1933, Laylin K. James
Michigan Law Review
In 1907 a Pennsylvania superior court stated in one of its opinions that, "'there is no reason why a man should not be a fool.' As a corollary to that saying, it may be added that there is no reason why a court should protect a fool against the result of his folly. No new feature of rapacity in the buyer is apparent in this instance [ the purchase of property worth $ 5,000 prospectively for $ 500] to make him a worse offender against the law of fair dealing than an army of Shy locks who have preceded him. …
Conflict Of Laws-Foreign Corporations-Stockholder's Individual Liability
Conflict Of Laws-Foreign Corporations-Stockholder's Individual Liability
Indiana Law Journal
No abstract provided.