"The Corporation": A Codification of the Laws Governing the Creating of Domestic Corporations and the Domesticating of Foreign Corporations in the State of Tennessee, for the Convenience of the Department of State and General Public : Forty-two Years of Legislation on Corporations Without Collateral Laws
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"The Corporation": A Codification of the Laws Governing the Creating of ...
Uten tilgangsbegrensning - 1917
Act entitled Act take effect ACT to amend Act to provide amend an Act amount apply approved March 23 Assembly association authorized Board of Directors body politic building by-laws capital stock carry certificate Chapter 142 charter constituted a body construct contracts convey Court debts elect entitled An Act establish filing five follows further enacted Governor granted hereby constituted hold House of Representatives improvement incorporation individual insert the name interest issue known land laws lease less liable manner name and style names of five necessary obtained operate organization of corporations original paid passage passed March 19 payment persons politic and corporate poration powers privileges profit public welfare requiring purchase railroad real estate receive registered regulations road Secretary Section secure sell Senate shares Speaker stockholders Tennessee thereof tion town transfer Trustees twenty-one vote
Side 216 - That he has no knowledge of any fact which would impair the validity of the instrument or render it valueless.
Side 217 - No attachment or levy upon shares of stock for which a certificate is outstanding shall be valid until such certificate be actually seized by the o'fficer making the attachment or levy, or be surrendered to the corporation which issued it, or its transfer by the holder be enjoined. Except where a certificate is lost or destroyed, such corporation shall not be compelled to issue a new certificate for the stock until the old certificate is surrendered to
Side 218 - Court as provided in this section, shall not relieve the corporation from liability in damages to a person to whom the original certificate has been or shall be transferred for value without notice of the proceedings or of the issuance of the new certificate.
Side 218 - In any case not provided for in this Act, the rules of law and equity, including the law merchant, and in particular the rules relating to the law of principal and agent and to the effect of fraud, misrepresentation, duress or coercion, mistake, bankruptcy, or other invalidating cause, shall continue to apply to contracts to sell and to sales of goods.
Side 219 - Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value; and is deemed such whether the instrument is payable on demand or at a future time.
Side 214 - Nothing in this act shall be construed as enlarging the powers of an infant or other person lacking full legal capacity, or of a trustee, executor or administrator, or other fiduciary, to make a valid indorsement, assignment or power of attorney.
Side 162 - a copy, duly certified by the Secretary of State, under the great seal of the state of Ohio, shall be evidence of the existence of such association.
Side 218 - Delivery" means voluntary .transfer 'of possession from one person to another. "Person" includes a corporation or partnership or two or more persons having a joint or common interest. To "purchase" includes to take as mortgages or as pledges.