Page:Henry Osborn Taylor, A Treatise on the Law of Private Corporations (5th ed, 1905).djvu/984

 964 INDEX. References are to the Sections. SUBSCRIPTIONS TO SHARES, Ere— (continued). when not enforceable until all the stock subscribed, 96. preliminary deposits, 98, 99, 104, 106. legal relations arising from, 100-106. assignment of, 101, 102. defence of promoter's fraud, 103. fraudulent, 105. enforceable by corporation when formed, 107-109. rescission of, by subscribers, 110-112. SUBSCRIPTIONS TO SHARES: forms of, and consideration for, 509-512, 515, 516. promise implied by, to pay for shares, 513-515. even though corporation has also power to forfeit them, 513. offer to subscribe revocable, 515, note, secret oral conditions void, 521. infancy may be pleaded, 95, 515, note, conditions in, 517, 518-521. levy of assessment, 517. calls for, when not prerequisite, 543. obtained by fraud, 103, 523-526. fraudulent may be enforced, 105. effect on, of error, 527. of subsequent illegal corporate action, 528, 529. of change in corporate enterprise, 530-535, 782. of alteration of charter, 530-535. of consolidation, 536. of failure to make preliminary deposit, 516. of purchase by the corporation of the sbares subscribed for, 134, 135, 552. may be paid in property, 522c. when illegal corporation cannot enforce, 95, 145, note, cannot be released, 549-551, 745, 746, 780. assignment of, 543. purchase of, by another corporation, 544. liability on, to creditors, 701, 703, 745, 746. creditors may enforce, 660, 661. althougb shareholders subject to statutory liability, 712, note, receiver may enforce, 542. debts owing subscribers not to be set off against, 729, 811. when nul tiel corporation may not be pleaded to suit on, 99, 537, 539, 738. when it may, 99, 154. when illegal election of directors making calls may be pleaded to suit on, 540. when illegality of shares issued may be pleaded, 541. when barred by statute of limitations, 709. insolvency of the corporation may not be pleaded to suit on, 542. SUCCESSION: perpetual, 12, 14, 16, 430, note.