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Act of Parliament acting partners advantage alteration amount of capital answer apply associations Bank of England banking companies bankruptcy believe Board of Trade capitalists charter classes commanditaire commandite partnerships Commissioners concern consider contract corporation creditors directors engagements enterprise established evil existing experience extent favour firm France fraud individual individual capital industry injurious insolvency interfere investments joint stock banks joint stock companies law of partnership law of unlimited lender les associés limited liability limited liability partnerships limited partners limited partnerships loans Lord Overstone loss managing partners mercantile names number of partners object obtain operation opinion paid paid-up capital parties partnership debts partnerships en commandite partnerships with limited persons principle of limited private partnerships profits prudent query question rate of interest registered responsibility of partners restrictions risk Sect shareholders shares société anonyme sociétés en commandite special partner speculation undertakings United Kingdom unlimited responsibility
Popular passages
Page 295 - If any certificate or report made, or public notice given, by the officers of any such company, in pursuance of the provisions of this act. shall be false in any material representation, all the officers who shall have signed the same, knowing it to be false, shall be jointly and severally liable for all the debts of the company contracted while they are stockholders or officers thereof.
Page 295 - If the directors of any such company shall declare and pay any dividend, when the company is insolvent, or any dividend the payment of which would render it insolvent, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted so long as they shall respectively continue in office...
Page 295 - ... liable to the extent, of such loan and interest, for all the debts of the company contracted before the repayment of the sum so loaned.
Page 57 - Note be affected, by reason of any Statute or Law in force for the Prevention of Usury ; nor shall any Person or Persons...
Page 78 - And by section 10 it is provided that every alteration which shall be made in the names of the partners, in the nature of the business, or in the capital or shares thereof, or in any other matter specified in the original certificate, shall be deemed a dissolution of the partnership; and every such partnership, which shall in any manner be carried on after any such alteration shall have been made, shall be deemed a general partnership...
Page 296 - All corporations, whether they expire by their own limitation, or are otherwise dissolved, shall nevertheless be continued for the term of three years from such expiration or dissolution bodies corporate for the purpose of prosecuting and defending suits by or against them, and of enabling them gradually to settle and close their...
Page 4 - Presents will and ordain that this Our Commission shall continue in full force and virtue, and that you, Our said Commissioners, or any three or more of you, may from time to time proceed in the execution thereof, and of every matter and thing therein contained, although the same be not continued from time to time by adjournment : And...
Page 295 - ... render it insolvent, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted, so long as they shall respectively continue in office ; provided that the amount for which they shall all bo so liable shall not exceed the amount of such dividend...
Page 294 - The purchaser named in such instrument, so recorded, shall, on producing the same to the Treasurer, and delivering to him the former certificate, be entitled to a new certificate.
Page 30 - I think the true criterion (when money is advanced to a trader) is to consider whether the profit or premium is certain and defined, or casual, indefinite, and depending on the accidents of trade. In the former case it is a loan (whether usurious or not is not material to the present question), in the latter a partnership.