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Articles 10471 - 10500 of 10754

Full-Text Articles in Business Organizations Law

The New Washington Business Corporation Act [Part 3], Leslie J. Ayer Jun 1934

The New Washington Business Corporation Act [Part 3], Leslie J. Ayer

Washington Law Review

No abstract provided.

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Corporations-Qualifications Of Officers-Effect On Existing By-Laws Of Change In Statute Jun 1934

Corporations-Qualifications Of Officers-Effect On Existing By-Laws Of Change In Statute

Michigan Law Review

Corporate by-laws adopted under and following Act No. 84, Michigan Public Acts of 1921, required that directors be chosen from stockholders, the positions to become vacant should the directors dispose of their stock. In 1931 the statute was changed, now reading that "directors . . . need not be shareholders unless the articles so provide." The by-laws were not altered. Qualified directors subsequently disposed of their stock and petitioned the chancery court under the statute for dissolution of the corporation and appointment of a receiver. Appealing from an order granting that petition, creditors and stockholders of the corporation contended that …

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The New Washington Business Corporation Act [Part 2], Leslie J. Ayer Apr 1934

The New Washington Business Corporation Act [Part 2], Leslie J. Ayer

Washington Law Review

No abstract provided.

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Corporate Reorganizations-Can Securities Of The New Corporation Be Forced On Recalcitrant Creditors? Apr 1934

Corporate Reorganizations-Can Securities Of The New Corporation Be Forced On Recalcitrant Creditors?

Indiana Law Journal

No abstract provided.

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Corporations - Right Of Minority Stockholders To Interfere In Corporate Management Apr 1934

Corporations - Right Of Minority Stockholders To Interfere In Corporate Management

Michigan Law Review

In determining the relationship between the majority and minority stockholders of a corporation, the courts are faced with the problem of striking a correct balance between the rights of the plaintiff stockholder, who alleges that he is being oppressed by the majority, and the rights of the majority, acting through the regular corporate machinery, who allege that the corporation is being harassed by a troublesome minority. It is necessary to protect the minority from the machinations of those in control; it is likewise necessary to protect the corporation, as controlled by the majority, from the blackmailer who holds a few …

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Minority Stockholders And The Amendment Of Corporate Charters, Edward O. Curran Apr 1934

Minority Stockholders And The Amendment Of Corporate Charters, Edward O. Curran

Michigan Law Review

Professor Dodd has remarked that "few branches of corporation law are in a more confused and unsatisfactory state than that relating to the right of minority stockholders to prevent amendments to the corporate charter, to which they have not given their assent, from becoming operative." One of the reasons for this confusion is the fact that some of the cases which still serve as precedents were decided at a time when it was not the usual practice to reserve the power to alter, amend, or repeal corporate charters. The principles of these early cases have been carried over and applied …

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Corporations - Attacks On Salaries Paid To Corporate Executives Mar 1934

Corporations - Attacks On Salaries Paid To Corporate Executives

Michigan Law Review

In October, 1933, the former president and chairman of the governing board of one of the world's greatest banks appeared before the Senate Committee on Banking and Currency, in Washington. During the course of the testimony, it was revealed that through the years 1929-33 this executive had received from his bank upwards of $1,100,000 in salary, bonus, and extra compensation. For the two years immediately past, he had served as a director in fifty-nine other corporations, from one of which he had at one time received a salary of $40,000 a year for services as director only, and from another …

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Corporations - Duty Of Director To Stockholder On Stock Exchange Sales Mar 1934

Corporations - Duty Of Director To Stockholder On Stock Exchange Sales

Michigan Law Review

The recent case of Goodwin v. Agassiz presents the problem of the duty owed by a director to existing and prospective stockholders in its most typical and difficult form. The defendants were president and general manager, respectively, as well as directors of the Cliff Mining Corporation which owned mineral lands in Northern Michigan. The stock of the corporation was listed on the Boston Stock Exchange. The defendants in their capacity of directors had knowledge of a geologist's report which forecast possible existence of copper deposits in the corporation's lands. The defendants were also directors of another mining corporation owning lands …

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Conflict Of Laws-Foreign Corporations-Stockholder's Individual Liability Feb 1934

Conflict Of Laws-Foreign Corporations-Stockholder's Individual Liability

Indiana Law Journal

No abstract provided.

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Corporations - Identity As Basis For Enforcing Contract Of Predecessor Against Successor - Fraud Feb 1934

Corporations - Identity As Basis For Enforcing Contract Of Predecessor Against Successor - Fraud

Michigan Law Review

The stockholders and officers of the Old South Engraving Company, wishing to escape a contract whereby that corporation was bound to hire only union labor, organized the Old South Photoengraving Corporation which purchased the business of the Engraving Company, giving therefor 9,000 of the issue of 12,000 no-par shares and issuing the rest to the stockholders of the Engraving Company in proportion to their holdings therein. It was announced that the Engraving Company would cease operating Saturday, June 4, and employees were given due notice. On Monday, June 6, the new company began operating at the same location with non-union …

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Partnership - Declaration Of Trust - Stipulation Against Personal Liability Feb 1934

Partnership - Declaration Of Trust - Stipulation Against Personal Liability

Michigan Law Review

Plaintiff, the payee of a note of a Texas unincorporated association, sought to hold the defendant shareholders liable as partners. The articles of association provided for trustees to hold and manage the association property, but reserved powers in the shareholders so the latter could: (I) increase capital stock, (2) annually elect the trustees and annually increase or diminish the number of trustees, (3) repeal or amend any of the articles of association, (4) order trustees to call special meetings, (5) remove trustees and subject them to shareholders' orders at all times, ( 6) transact such business as they might inaugurate …

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The New Washington Business Corporation Act—Reserved Power Of Legislature To Change, Leslie J. Ayer Jan 1934

The New Washington Business Corporation Act—Reserved Power Of Legislature To Change, Leslie J. Ayer

Washington Law Review

The new Washington Domestic and Foreign Corporation Act was enacted by the State of Washington at the session of its Legislature convened January 9, and adjourned March 9, 1933. The Act was approved by the Governor on March 21, 1933, and by an express provision therein became effective on and after January 1, 1934. The Act is patterned upon the Uniform Business Corporation Act and may be cited as such. The history of, and the consideration given to, the drafting of this Act is treated in a note introductory to the draft originally submitted to the Legislature, published in an …

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The Corporation License Tax In Kentucky, David H. Mckinney Jan 1934

The Corporation License Tax In Kentucky, David H. Mckinney

Kentucky Law Journal

No abstract provided.

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The Effect Of Merger Or Consolidation On The Succession Of Corporate Fiduciaries, Edward J. Fruchtman Jan 1934

The Effect Of Merger Or Consolidation On The Succession Of Corporate Fiduciaries, Edward J. Fruchtman

Kentucky Law Journal

No abstract provided.

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Corporations. Ultra Vires Liability For Acts Within Apparent Scope Of Authority Of Agents, J. Mapother Jan 1934

Corporations. Ultra Vires Liability For Acts Within Apparent Scope Of Authority Of Agents, J. Mapother

Kentucky Law Journal

No abstract provided.

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Capitalism, The United States Constitution And The Supreme Court, Hugh Evander Willis Jan 1934

Capitalism, The United States Constitution And The Supreme Court, Hugh Evander Willis

Articles by Maurer Faculty

No abstract provided.

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Corporations And The United States Constitution, Hugh Evander Willis Jan 1934

Corporations And The United States Constitution, Hugh Evander Willis

Articles by Maurer Faculty

No abstract provided.

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The Power Of A West Virginia Corporation To Deprive Classes Of Its Stock Of The Right To Vote For The Election Of Directors Or Managers, Melvin G. Sperry Dec 1933

The Power Of A West Virginia Corporation To Deprive Classes Of Its Stock Of The Right To Vote For The Election Of Directors Or Managers, Melvin G. Sperry

West Virginia Law Review

No abstract provided.

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Corporations - Pledge Of Stock - Statutory Liability Of Pledgee Dec 1933

Corporations - Pledge Of Stock - Statutory Liability Of Pledgee

Michigan Law Review

The owner of shares of bank stock pledged them to defendant corporation to secure a loan. Defendant had the bank issue a new certificate to it in its own name. On the failure of the bank plaintiffs, creditors, sought to hold defendant for "double" liability under statute. Held, under the Montana statute providing that pledgees should not be personally liable as stockholders, defendant was not liable despite the fact that the bank's records did not show it to be a pledgee. Mitchell v. Banking Corp. of Montana, (Mont. 1933) 24 Pac. (2d) 124.

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Corporations - Pre-Emptive Rights In Treasury Shares Nov 1933

Corporations - Pre-Emptive Rights In Treasury Shares

Michigan Law Review

Plaintiff, a former shareholder, sued the directors of a corporation for damages arising out of their alleged refusal to allow him pre-emptive rights in stock that had been issued, re-purchased by the corporation from the shareholders, and re-issued by the defendant-directors to themselves. Upon appeal from an order dismissing the complaint for insufficiency, held, that the order be reversed on the law. Hammer v. Werner, (App. Div. 1933) 265 N. Y. S. 172.

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Constitutionality Of Non-Voting Stock, Jack C. Burdett Jun 1933

Constitutionality Of Non-Voting Stock, Jack C. Burdett

West Virginia Law Review

No abstract provided.

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Monopolies--Producers' Coal Sales Agency And The Sherman Act, Donald F. Black Jun 1933

Monopolies--Producers' Coal Sales Agency And The Sherman Act, Donald F. Black

West Virginia Law Review

No abstract provided.

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The Holding Company, Jeff B. Fordham Jun 1933

The Holding Company, Jeff B. Fordham

West Virginia Law Review

No abstract provided.

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Corporations - Dissenting Stockholder's Suit -Conditional Decree Jun 1933

Corporations - Dissenting Stockholder's Suit -Conditional Decree

Michigan Law Review

The directors and majority stockholders of a Minnesota mining corporation which. needed financing were also the directors and majority stockholders of another Minnesota mining corporation which had a large surplus. They decided to consolidate the two in order to finance the one, offering the stockholders of each corporation a share for share exchange, which would result in the stockholders of the unsuccessful corporation having a 9/16 control of the consolidated corporation. Dissenting stockholders, holding 18/100 of 1% of the total stock in the successful corporation, brought a bill to restrain the consolidation and to have a receiver appointed to take …

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Trusts - For Employees - Definiteness Of Cestui Jun 1933

Trusts - For Employees - Definiteness Of Cestui

Michigan Law Review

The testator by his last will and testament devised a saw mill owned by him to certain trustees, the will reading, "I suggest that my said trustees sell the mill" for a specified price about half the estimated value of the property to a corporation to be organized by "my employees." There was a further provision reading, "I suggest that all the employees who have been in my employment for five years or longer should hold stock in such corporation, should they so desire in such proportions as my trustees shall presence." After the corporation had been organized, the incorporators …

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Jurisdiction Over A Foreign Corporation-Constitutional Limitations On Exercise Of Jurisdiction May 1933

Jurisdiction Over A Foreign Corporation-Constitutional Limitations On Exercise Of Jurisdiction

Indiana Law Journal

No abstract provided.

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The Modern Corporation And Private Property, By Adolf A. Berle Jr. And Gardiner C. Means, Daniel James May 1933

The Modern Corporation And Private Property, By Adolf A. Berle Jr. And Gardiner C. Means, Daniel James

Indiana Law Journal

No abstract provided.

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Bankruptcy -- Fraudulent Conveyances -- Dealings Between One-Man Corporations Owned By One Person May 1933

Bankruptcy -- Fraudulent Conveyances -- Dealings Between One-Man Corporations Owned By One Person

Michigan Law Review

H was president of corporations A, B, and C. Through his control of B and C he secured personal advances approximating $600,000. This money he loaned as personal funds to A which through its directors and officers, in their official capacities, was aware of the source of the funds though not of the exact amounts nor of the fact of unlawful diversion. F bank held certain matured promissory notes of B upon which H had become obligated as guarantor. B and H were in financial difficulties and F bank threatened to throw H into bankruptcy.A thereupon, and …

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Receivers - Consent Receivership Not Allowed In Michigan May 1933

Receivers - Consent Receivership Not Allowed In Michigan

Michigan Law Review

A general creditor filed a bill alleging that the defendant corporation's assets as shown by its books have a value in excess of its indebtedness but that it cannot meet its current obligations although its assets, when converted into money would be sufficient to meet them and continue its business; that several suits have been instituted by defendant's creditors and that if executions are issued and levies made, defendant will be compelled to cease operations and losses will be suffered by all of defendant's creditors, whereas, if a receiver is appointed to operate its business their claims may be paid …

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Corporations-Power To Issue And Redeem Preferred Stock Apr 1933

Corporations-Power To Issue And Redeem Preferred Stock

Indiana Law Journal

No abstract provided.

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