Page:Henry Osborn Taylor, A Treatise on the Law of Private Corporations (5th ed, 1905).djvu/983

 INDEX. 963 References are to the Sections. STATUTORY PROHIBITIONS— ( continued ). forbidden loans by savings banks, 301. prohibitions by implication, 302. effect on conveyances to corporation, 303. STOCK: corporation cannot issue below par, 124. 541, 545. power of corporation to raise money by issue of, 124. to increase or decrease, 133. to purchase its own, 134, 135, 552. to purchase stock in another corporation, 130, note, 161, 267, 309. to re-issue shares, 136. directors cannot increase, 228. rights of shareholders on increase or decrease, 569, 570. issue of invalid stock, 541, 545. STOCK-BROKER, when not liable on shares put in his name, 700, note. STOCK CERTIFICATE: issue of, not essential to constitute a shareholder, 511. corporation estopped by, 591, 598. liability of corporation on forged, 591-593. assignment of, effect, 795, 796. passes legal title to shares, 587, 590. held "in trust," 797. need have no seal, 248. is but evidence, 587. purchaser of stolen, gets no title, 795. STOCK DIVIDENDS: right of shareholders in, after declaration, 568. power of corporation to make, 568, and note. whether principal or income, 800, 801. STOCKHOLDERS. See Shareholders. STREET RAILROAD, franchises of, 304, note. STREETS, use of, by railroads, 175-177. SUBSCRIBERS TO STOCK OF A CORPORATION TO BE FORMED: rights of, to shares after company is formed, 91. effect on, of false statements of promoters, 97, note. may deny that corporation has been formed, 99. not partners, 100. legal relations of, to promoters, 103. rights of, against corporation, 110-112. affected by laches, 111. See Subscriptions. SUBSCRIPTIONS TO SHARES IN A CORPORATION TO BE FORMED, 91-112. made to commissioners, 91, and note. of infants, 95. consideration of, 91-94. defence that objects of incorporation are illegal, 95. defence that corporation has not been formed, 99. conditions in, 96, 97.