Corporate Organization and Management

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Ronald Press, 1919 - Всего страниц: 778
 

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Trustees Contracts
36
Effect of Failure to Incorporate
37
WHERE TO INCORPORATE 36 General
39
Domestic Incorporation 38 Foreign Incorporation
40
Cheap Incorporation
44
Reputation of Different States
45
Liabilities Imposed in Different States
46
Protection of Minority in Different States 43 General Rules for Selection of State
47
COST OF INCORPORATION 44 General
49
Basis of Capitalization
50
Capitalization at Less than Real Values
51
Capitalization at Real Values
52
Capitalization on Earning Capacity
53
Capitalization of GoodWill
54
Form of Capitalization
55
Bond Issues
56
Capitalization as Affected by Financial Ex igencies
57
58 Capital Stock
58
PREFERRED STOCK
65
Nature and
66
Preference as to Dividends
67
Preference as to Assets
68
Cumulative Dividends
69
Participation in General Dividends
70
Shares
71
Voting Rights
72
Certificates of Stock
73
Unissued Stock
74
Issued Stock 63 FullPaid Stock
75
Watered Stock
76
Common and Preferred Stock 65 Other Classifications
77
Legal Status of FullPaid Stock
78
Certificates for FullPaid Stock XI TREASURY STOCK PAGE 178
94
Directors Resolution Appointing Managing Director
95
91
96
Origin
97
Transfers to Corporation
99
Transfers from Corporation 84 Legal Status of Treasury Stock
100
Stock of Other Corporations Held in Treas
101
Part IVCorporate Control XII STOCKHOLDERS 86 General
102
Functions 88 Rights
103
1 Notice of Meetings and Voting
104
2 Dividends and Participation Rights
106
PAGE 225
107
3 Distribution of Assets on Dissolution 92 4 Inspection of Books
108
Special Charter Rights
110
Statutory Rights 95 Powers
111
1 To Amend Charter 97 2 To Adopt Repeal or Amend Bylaws
112
3 To Elect Directors 99 4 To Sell Entire Assets
113
5 To Dissolve the Corporation 101 6 Special Powers
114
Liabilities
115
39
116
DIRECTORS 103 Powers of Directors
118
460
119
Appointment and Removal of Officers and Agents
120
Adoption of ByLaws
121
Common Law Liability of Directors 108 Statutory Liabilities of Directors
122
Resignation of Directors 110 Removal of Directors
124
Vacancies on the Board
125
Directors Holding Over
126
Directors Dealing with Corporation
127
OFFICERS 114 General 115 Appointment of Officers
128
Qualifications of Officers
129
Powers and Duties of Officers
130
Liabilities of Officers
132
De Facto Officers 120 Removals and Resignations
133
BOOK IICORPORATE ORGANIZATION
135
Part VThe Charter XV GENERAL CONSIDERATIONS 121 Nature of Charter
137
Classification PAGE
139
Classifications
140
Common Stock
141
Charter Details
142
Application for Charter
143
INCORPORATORS 144 125 Who May Incorporate
144
Number of Incorporators
145
Functions of Incorporators 128 Incorporators as Stockholders
146
Dummy Incorporators
147
Number
148
THE CORPORATE NAME 130 How Secured
149
Selection of Name
150
Right to Corporate Name
151
Changing the Corporate Name
152
SPECIAL PROVISIONS 153 General
153
THE CORPORATE PURPOSES 134 General 135 Single Purpose
154
Comprehensive Purposes
155
Illegal Purposes
156
Things Ultra Vires
157
Limitations on Salaries
159
Limitations on Indebtedness 160 Sundry Provisions
160
EXECUTION AND FILING OF CHARTER 161 General
161
Signing and Acknowledgment
162
Filing
163
Certified Copies
164
AMENDMENT OF CHARTER 165 General
165
149
167
49
168
VOTING TRUSTS
170
Arrangement
171
Preparation
172
154
173
Subject Matter
186
Procedure
187
Part VIThe ByLaws XXV GENERAL CONSIDERATIONS 168 Functions of ByLaws
188
Subject Matter
189
Power to Make
190
Adoption of First ByLaws
194
BYLAW PROVISIONS RELATING TO STOCK 174 Preliminary
195
Certificates of Stock
196
Transfers of Stock 177 Transfer Agent and Registrar
197
Stock and Transfer Books
198
Preferred Stock 180 Treasury Stock
199
Lost Certificates
200
BYLAW PROVISIONS RELATING TO STOCKHOLDERS
201
Special Meetings
202
Officers of Meetings 185 Notice of Meetings
203
Voting
204
Certified List of Stockholders 188 Election of Directors
205
Quorum
206
Proxies 191 Order of Business
207
BYLAW PROVISIONS RELATING TO DIRECTORS 192 General Considerations 193 Number and Qualifications
208
General Powers 195 Term of Office 196 Classification
210
Removal 198 Vacancies
211
Meetings
212
Notice of Meetings
213
Quorum
214
Election of Officers
215
Removal of Officers 204 Compensation of Directors
216
Power to Pass ByLaws 206 Order of Business
217
BYLAW PROVISIONS RELATING TO STANDING COM
218
Delegation of Official Powers
219
MITTEES
220
Removals Vacancies XXXI BYLAW PROVISIONS RELATING TO DIVIDENDS AND FINANCE
221
222 General
222
Dividends
223
Reserve Funds
224
Limitations of Debt
225
Bank Deposits
226
SUNDRY PROVISIONS 227 General
227
Corporate Seal
228
Penalties
229
Amendments
230
FIRST MEETING OF STOCKHOLDERS 231 General
231
Preparation of Minutes
232
Conduct of First Meetings
233
Purpose
234
Reception of Charter
235
Adoption of ByLaws
236
Election of Directors
237
Exchange of Stock for Property
238
Other Business
239
FIRST MEETING OF Directors 240 Calling the Meeting
240
Minutes
241
Opening the First Meeting of Directors
242
Election of Officers
243
Adoption of Stock Certificate
244
PAGE
245
Exchange of Stock for Property 247 Treasurers Bond Depositary
247
Other Business
248
CHAPTER
261
254 Procedure of Transfer
271
233
282
Opening the Meeting
283
RollCall
284
Proxies
285
159
286
261
287
General
303
Reading of Minutes
316
Annual Reports
317
Election of Directors
318
Voting at Elections
319
609
320
MEETINGS OF DIRECTORS AND OF STANDING COM MITTEES
331
Purposes of Meetings 305 Assembling Meetings
332
Call for Special Meetings
333
Notice of Special Meetings
334
Call and Waiver of Notice
335
Quorum
336
Reading the Minutes 313 Reports
338
Unfinished and New Business
339
Adjournment STANDING COMMITTEES 316 Procedure at Meetings
340
MINUTES OF MEETINGS 317 The Corporate Books 318 The Minute Book
342
Contents of Minute Book
343
Form and Subject Matter of Minutes
344
Recording the Proceedings
345
Approval and Amendment of Minutes
347
Cut and Dried Minutes
349
Part XThe Treasurer CHAPTER XLIII DUTIES AND POWERS OF THE TREASURER 324 General 325 The Treasurers Primary Duty 326 The Trea...
350
ByLaw Provisions
351
Directors Resolutions
354
Books of Account 330 Assumption of Official Duties
355
Collections
357
RELATION OF TREASURER TO OTHER CORPORATE AUTHORITIES 332 To the Stockholders 333 To the Board of Directors
358
58
360
To the Auditor
363
To the Other Officials
364
THE TREASURERS LIABILITIES
366
Sources of Liability 340 1 Neglect of or NonPerformance of Duties
367
2 Faulty Performance of Duties
368
342
369
4 Illegal Acts
371
Statutory Liabilities
373
THE TREASURERS BOND 345 General
375
Statutory Requirements 347 Corporate Requirements
376
Nature of the Bond
377
Amount of Bond
378
Personal Bonds
379
Surety Company Bonds
380
Liability of Bondsmen
382
Termination of Bond
385
THE TREASURERS REPORTS 354 The Report to Directors
387
Report to Stockholders
388
Part XIThe Corporate Finances XLVIII THE CORPORATE FUNDS 356 General
390
Custody of Corporate Funds
392
Disbursement of Corporate Funds
393
Return of Corporate Funds
395
DIVIDENDS 362 Declaration of Dividends
396
Profits and Dividends
399
162
400
Equality of Dividends
401
Compelling the Declaration of Dividends
402
Status of Declared Dividends
404
DIVIDENDS Continued
407
Cash Dividends 369 Dividends Not in Cash
408
1 Stock Dividends
409
165
410
3 Scrip Dividends
411
4 Property Dividends
412
Notice of Dividends
413
To Whom Paid
414
BONDS 376 Payment of Dividends
417
Illegal Dividends
419
Liability for Illegal Dividends
420
Treasurers Liability as to Dividends
421
380 Nature of a Bond
423
Authorization of Bond Issues 382 Statutory Provisions
425
Debentures
426
Mortgage Bonds
427
Coupon Bonds 386 Form of Bond
428
Form and Nature of Coupon 388 Trustees Certificate
429
Deeds of Trust
430
Recitals of Deed of Trust
431
Execution and Filing of Deed of Trust 392 Sinking Fund
433
Sale of Bonds
434
Liabilities of Vendor 395 Rights of Holders
435
Redemption of Bonds
436
Investment Value of Bonds
437
Kinds of Bonds
438
ShortTerm Notes
442
Distinctions 402 How Formed
446
Legal Status 404 Illegal Voting Trust
448
Restriction of Stock Sales
449
HOLDING CORPORATIONS 406 General
450
Incidental Powers to Hold Stock
451
Authorization to Hold Stock
452
236
453
Its Function in Industrial Combination
455
Limitations on Use of Holding Companies
456
Parent Companies
458
CONCERNING PROMOTERS 413 The Promoters Function
460
The Promoters Relation to Corporation
461
Illegal Arrangements
462
PAGE
463
396
465
Legitimate Arrangements
466
Incidental Liabilities of Promoter and Cor poration
469
Restrictions on Sale of Stock
470
Underwriting
471
PROTECTION OF MINORITY 420 General 421 Rights of Minority at Common
473
Encroachment on Minority Rights
474
Protective Measures
476
Cumulative Voting
477
Classification of Stock 426 Voting Trusts
480
Special Arrangements
481
Annual Audits 429 Charter Limitations
482
Legal Remedies
484
INCORPORATING A PARTNERSHIP 431 General
488
Name
489
Capitalization
490
Exchange of Property for Stock
492
Stock Adjustments
493
Board of Directors
494
Close Corporations and Their Conduct
499
CONSOLIDATION REORGANIZATION AND DISSOLUTION
506
Part XIIIAllied Forms of Organization
513
172
514
ASSOCIATIONS UNDER DEEDS OF TRUST
520
Liability Under the Voluntary Association
526
Advantages of the Voluntary Association
532
CHARTER FORMS
543
CHAPTER PAGE
555
BYLAW FORMS
573
FORMS OF SUBSCRIPTION LISTS
584
RECEIPTS FOR STOCK SUBSCRIPTIONS
590
Stock Book to be Kept by Corporations
604
FORMS FOR FIRST MEETINGS
609
ing of Stockholders
610
OPTION AGREEMENTS
625
CALLS AND Waivers for Stockholders MeetinGS
631
Stockholders Call for Special Meeting
637
MOTIONS AND RESOLUTIONS
656
Directors Resolution to Sell Bonds
664
Directors Resolution to Purchase Property 99 Directors Resolution for Settlement of Claim 100 Directors Resolution Ratifying Sale of Property
665
Directors Resolution Removing Officer 102 Directors Resolution for Sale of Entire As sets
666
INCIDENTAL FORMS Form 103 Secretarys List of Stockholders
667
Outline Minutes for Annual Meeting
669
Oath of Inspectors of ElectionNew York 106 Certificate of Inspectors of ElectionNew York
670
Acknowledgment of Inspectors Certificate 108 Certificate of Inspectors of ElectionGen eral
671
Ballot at Annual Meeting
672
Ballot at Annual MeetingFormal
673
MINUTES OF CORPORATE MEETINGS Form III Minutes of Annual Meeting of Stockholders
674
Minutes of Special Meeting of Stockholders
676
Minutes of Adjourned Meeting of Stock holders
677
Minutes of Regular Meeting of Directors
678
Minutes of Adjourned Meeting of Directors
679
Minutes of Special Meeting of Directors
680
REPORTS 667 674 682 Form
682
303
683
Treasurers Annual Report to Stockholders
684
Introduction to Treasurers Report
687
Report of Committee on ByLaws LXXVIII MISCELLANEOUS NOTICES Form
688
ASSESSMENT NOTICES 121 Instalment Notice
689
Notice of Stock Assessment 123 Notice of Stock AssessmentStatutory
690
Notice of Sale of Delinquent Stock
691
Notice Accompaning Dividend Check
693
Resignation of DirectorEffective on
699
CHECKS RECEIPTS AND NOTES
708
Check for Deposit
712
CERTIFICATIONS
718
181
725
POWERS OF ATTORNEY CONTRACTS AND ASSIGN
726
186
730
188
731
INSTALMENT AND DIVIDEND BOOKS
736
THE CORPORATE CALENDAR
742
689
761
Appointment 209 Composition 210 Powers 211 Procedure
766
218
767
249
769
473
770
488
772
350
776
366
777
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