General Corporation LawsF. DeKleine, 1925 |
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Términos y frases comunes
act number acts of eighteen acts of nineteen amount annual appointed articles of association articles or by-laws asso authorized capital stock certificate chapter charitable church ciation co-operative companies complying consolidated construed contract corporation organized county clerk court debts deemed directors or trustees dividends dollars domestic corporations duly duty elected entitled execution expiration filed foreign corporation franchise fee funds hereafter hold holders hundred ninety-nine incorporated issued liability managers manner membership ment Michigan mortgage nineteen hundred non-stock corporations number of shares number one hundred number two hundred paid par value payment pecuniary profit poration powers preferred stock prescribed principal office privileges public acts purchase purpose real estate record register of deeds religious secretary service of process shares of stock special meeting statement statute stockholders or members Subdivision subscribed surplus term therein thereof thereto tion transaction trust instrument trustee corporation vote
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Página 95 - him for as many persons as there may be managers to be elected, or to cumulate said shares and give one candidate as many votes as will equal the number of managers multiplied by the number of his shares of stock; or to distribute them on the. same principle among as many candidates as he shall think fit. All such
Página 72 - used in this chapter shall be construed to include all associations, partnership associations and joint stock companies having any of the powers or privileges of corporations, not possessed by individuals or partnerships, under whatever term or designation they may be defined and
Página 5 - corporation" as used in this article shall be construed to include all associations and joint stock companies having any of the powers or privileges of corporations not possessed by individuals or partnerships. All corporations shall have the right to sue and be subject to be sued in all courts in like cases as natural persons. See Pollock v. DUR, 168/581;
Página 6 - SBC. 8. No railroad corporation shall consolidate its stock, property or franchises with any other railroad corporation owning a parallel or competing line; and in no case shall any consolidation take place except upon at least sixty days' public notice to all stockholders in such manner as shall be provided by law.
Página 90 - and shall have its full name mentioned in legible characters in all notices, advertisements, and other official publications of such association, and in all bills of exchange, promissory notes, checks, orders for money, bills of lading, invoices, receipts, letters, and other writings used in the transaction of the business of the partnership association
Página 71 - dollars, nor more than five hundred dollars for each offense, and in default of payment of such fine, shall be imprisoned in the county jail for a period of not less than thirty days nor more than one year, or he may be punished by both such fine and imprisonment at the
Página 87 - this Saving act be held to be invalid for any reason, such holding shall not ° be construed as affecting the validity of any remaining portion hereof, it being the legislative intent that the act shall stand, notwithstanding the invalidity of any such provision or section. Sec. 12
Página 5 - SEC. 5. No corporation shall hold any real estate for a longer period than ten years, except such real estate as shall be actually occupied by such corporation in the exercise of its franchises. The provisions of this section can only be enforced at the instance of the state.—German Corporation v. Aid Society, 172/660.
Página 25 - will equal the number of directors multiplied by the number of shares of his stock; or to distribute them on the same principle among as many candidates as lie shall think fit.
Página 40 - value of the business so purchased, and in such case the transfer to the association of such business of such valuation shall be equivalent to payment in cash for the shares of stock so issued: Provided, That suitable provision be made in the by-laws of such corporation for admitting the vendors to such membership. Subdivision