Report of the Attorney General |
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Страница 8
Co - operative Bank - Consolidation Rights of Minority - Constitutional Law . ― 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 ...
Co - operative Bank - Consolidation Rights of Minority - Constitutional Law . ― 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 ...
Страница 9
of two or more co - operative banks doing business in the same city or town . The bill provides for the consolidation of such co - operative banks in the following manner : If two - thirds of the members of each bank in writing approve ...
of two or more co - operative banks doing business in the same city or town . The bill provides for the consolidation of such co - operative banks in the following manner : If two - thirds of the members of each bank in writing approve ...
Страница 10
Here no provision is made for taking their interest in the A bank at a properly appraised value paid by the B bank . ... good to be derived from a merger of two banks , to require the property of the minority to be taken and paid for .
Here no provision is made for taking their interest in the A bank at a properly appraised value paid by the B bank . ... good to be derived from a merger of two banks , to require the property of the minority to be taken and paid for .
Страница 11
So far as the right of the State to object to such departure from the corporate purposes goes , that may be waived by the Legislature in passing an act authorizing consolidation upon unanimous vote of the members of both banks .
So far as the right of the State to object to such departure from the corporate purposes goes , that may be waived by the Legislature in passing an act authorizing consolidation upon unanimous vote of the members of both banks .
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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