Page:Henry Osborn Taylor, A Treatise on the Law of Private Corporations (5th ed, 1905).djvu/988

 068 • INDEX. References are to the Sections. TRANSFERS OF SHARES— (continued). effect of, to relieve shareholder from liability to creditors, 717-720, 747-749. to relieve shareholder from liability to other shareholders, 780. unrecorded, 795, 796. validity as against transferrer's creditors, 796. TREASURER, powers of, 187, note, 193, note, 210, note, 342, note. prima facie, entitled to compensation, 647, note. TRESPASS, corporation liable for, 344. TRESPASSERS, liability of railroad companies to, 370-372. TROVER, corporation liable in action for, 342. TRUST FUNDS, 32, 33, 62. corporate assets a trust fund for creditors, 654-659, 702a. " TRUSTS " AND MONOPOLIES, illegal, 309a, etc. TRUST RELATIONS, 41-47. TRUSTEES UNDER RAILROAD MORTGAGES : liability of, when operating railroad, 417. officer of corporation may act as, 629, note. bondholder may contest compensation of, 682, note. capacities of, 814. represent the bondholders, 816, note. ULTRA VIRES ACTS : questions relating to, how determinable, 264. meaning of the term, 264, note. legal effect of, general rule, 265. when done by board of directors, 267. when done by body corporate, 268. ratification of, 269-272. rights of creditors regarding, 272-274, 814. receiver may contest payment of ultra vires claims, 272-274, 814. contracts, effects of performance, 275-281. when other contracting party estopped to plead, 276. who cannot plead, 281-283. when directors cannot plead to actions for an accounting, 629. legal effect, qualification to general rule, 284-286. apparently within scope of corporate powers, 284-286. negotiable instruments, 285. purchase of property, 286. money borrowed in excess of statutory limit, 286. when illegal, 287-292. contra bonos mores, 293. ■ prohibited by statute, 294-303. See Statutory Prohibitions. excessive loans by national banks, 301. conveyances of real or personal property to corporations, 303. . against public policy, 304. transfer of franchises, 305. traffic arrangements, 307.