Page:Henry Osborn Taylor, A Treatise on the Law of Private Corporations (5th ed, 1905).djvu/978

 958 INDEX. References are to the Sections. SALARIES, 646-648. SALVOR, corporation may be, 137. SAVINGS BANKS, when not liable for money paid on forged order, 199. cannot purchase stock in another corporation, 267. SCRIP DIVIDEND, when bequest of shares does not carry, 798, note. SEAL: right of corporation to use, 12, 14, 17. when necessary, 248. presumed to be rightfully affixed, 204, note. absence of in municipal bonds, 328, note. SECRET AGREEMENTS with subscribers void, 521. SECRETARY: power of, 201. prima facie entitled to compensation, 647, note. SECRET PROFITS: promoters must account to corporation for, 82-84. directors must account to corporation for, 629-631. SECURITY, corporation has implied power to give, 125. SECURITIES COMPANY 3090". SELL PROPERTY, power of corporations to, 130. SERVANTS, liability of shareholders for debts due, 734. See Agents, Employes, Torts. SERVICE OF PROCESS: on corporations, 143. mode may be changed, 495. on foreign corporations, 395-399. on non-resident stockholders, 740. SERVICES, corporation may receive in payment for its shares, 522c. compensation for, 86, 646, 648. SET-OFF: when debtor of corporation entitled to, 670, 810, note. by shareholders, against unpaid subscriptions, 729, 811. by shareholders, against claim for corporate funds improperly received, 730. by shareholders, in actions against the corporation, 187, note. by shareholders, against statutory liability to creditors, 731. 732. of benefits against amount of compensation for property taken oy emi- nent domain, 179. SHARES OF STOCK: right of subscribers to allotment of, 91, 110. on increase of stock, 569. definitions of, 567. increase in number of, 133. are subject to attachment, 392, note, 796. attachment of does not incumber property of the corporation, 567, note. taxation of, 477a, 483, 484. situs of for taxation, 477a, note, 479, note. forfeiture of, 234, 546-548.