Page:1864-65 Territory of Dakota Session Laws.pdf/184

172 Section 659. Insolvencies of corporations deemed fraudulent, when.

660. Directors participating in fraudulent insolvency, how punishable.

661. Violation of duty of directors of moneyed corporations.

662. Officer of railroad company contracting debt in its behalf, exceeding its available means.

663. Debt contracted in violation of last section, not invalid.

664. Director of corporation presumed to have knowledge of its affairs.

665. Director present at meeting, when presumed to have assented to proceedings.

666. Director absent from meeting, when presumed to have assented to proceedings.

667. Foreign corporations.

668. Director defined.

Sec. 645. Every person who signs the name of a fictitious person to any subscription for, or agreement to take stock in any corporation, existing or proposed; and every person who signs, to any subscription or agreement, the name of any person, knowing that such person has not means or does not intend in good faith comply with all the terms thereof, or under any understanding or agreement that the terms of such subscription or agreement are not to be complied with or enforced, is guilty of a misdemeanor.

Sec. 646. Every officer, agent or clerk, of any corporation, or of any persons proposing to organize a corporation, or to increase the capital stock of any corporation, who knowingly exhibits any false, forged or altered book, paper, voucher, security or other instrument of evidence to any public officer or board authorized by law to examine the organization of such corporation, or to investigate its affairs, or to allow an increase of its capital, with intent to deceive such officer or board in respect thereto, is punishable by imprisonment in the territorial prison not exceeding ten years and not less than three.

Sec. 647. Every person who, without being authorized so to do, subscribes the name of another to, or inserts the name of