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Cases Decided in the Inferior Courts of Record of the State of New York (Volume 25 )

Cases Decided in the Inferior Courts of Record of the State of New York (Volume 25 )


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1898 Excerpt: ... 3. When a corporation has " suf-fered" a judgment with intent to givo a preference--Stock Corpora-tion Law of 1890, chap. 564, 48, as amended--"Insolvency."--An insolvent corporation has, within the meaning of the Stock Corporation Law (Laws of 1890, chap. 564, $ 48, as amended), "suffered" judgment, "with the intent of giving preference to any particular creditor over other creditors," where the proof is, that it gave a particular creditor a demand note executed by its president, for a debt, that on the same day payment was demanded, was refused, and suit begun, and that judgment was there-after recovered by default, and that it was agreed when the note was de-livered that the judgment should be entered in a county, other than that where the corporation did business, so that the other creditors might be kept in ignorance of the judgment and that there was also an understanding that the particular creditor should have a preference. The meaning of "in-solvency" considered. Lodi Chemical Co. v. Charles H. Pleasants Co., 97. 4. membership Corporations Law--Applicability of Laws of 1848, chap. 319, 6.--Semble, that the provisions of section 6 of chapter 319 of the Laws of 1848, invalidating devises or bequests to certain benevo-lent, etc., corporations unless made and executed at least two months be-fore the death of the testator, would apply to a corporation which, if organ-ized at all, must be incorporated under the Membership Corporations Law (Laws of 1895, chap. 559). Matter of Rounds, 101. 5. Preference to officer--Verbal agreement of all the trustees to in-dorse for the corporation--Estop-pel--Illegal preference to manag-ing trustee--His compensation.--A manufacturing company, all of whose stock was owned by its three trustee's, D., W., and ...


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Product Details
  • ISBN-13: 9781235765339
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 356
  • Spine Width: 19 mm
  • Width: 189 mm
  • ISBN-10: 1235765334
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 635 gr


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