Report of the Attorney General |
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Страница 8
The Legislature has no power to compel the minority members in an existing co - operative bank , which is not a stock corporation , to surrender their interest in such bank in exchange for an interest in a consolidated bank ...
The Legislature has no power to compel the minority members in an existing co - operative bank , which is not a stock corporation , to surrender their interest in such bank in exchange for an interest in a consolidated bank ...
Страница 10
The question is whether the Legislature may , with the approval of two - thirds of the members of each corporation , compel a dissenting member to enter into a new contract with a different corporation .
The question is whether the Legislature may , with the approval of two - thirds of the members of each corporation , compel a dissenting member to enter into a new contract with a different corporation .
Страница 11
The Legislature , however , has no power to waive for an individual shareholder his right to object that the corporation is transgressing the limits of its powers . When he invested his money in the co - operative bank he authorized the ...
The Legislature , however , has no power to waive for an individual shareholder his right to object that the corporation is transgressing the limits of its powers . When he invested his money in the co - operative bank he authorized the ...
Страница 12
The Legislature under this power may impose new duties and new restraints upon corporations in the prosecution of enterprises already undertaken , whether they should be assented to or not . But the Legislature cannot impose upon the ...
The Legislature under this power may impose new duties and new restraints upon corporations in the prosecution of enterprises already undertaken , whether they should be assented to or not . But the Legislature cannot impose upon the ...
Страница 13
If the reasoning is sound , then the Legislature might authorize a majority of the stockholders of a manufacturing company to engage in banking , insurance or railroading against the dissent of the minority .
If the reasoning is sound , then the Legislature might authorize a majority of the stockholders of a manufacturing company to engage in banking , insurance or railroading against the dissent of the minority .
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