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" ... holders for value. A person, who takes such a security with knowledge that the conditions on which alone the security was authorized were not fulfilled, is not protected, and in his hands the security is invalid, though the imperfection is in some... "
Reports of Cases Decided in the Court of Chancery, the Prerogative Court ... - Page 563
by John Hoff Stewart - 1883
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United States Reports: Cases Adjudged in the Supreme Court, Volume 111

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1884 - 886 pages
...Company v. De Kay, to which the plaintiff has referred us, the Court of Errors of New Jersey said : "Indeed, as is apparent from all the cases cited,...corporation, which would be unavailable against a bonajide holder of the same security." 9 Stew. (NJ) 548, 565. The general doctrine was stated with...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - Law reports, digests, etc - 1884 - 888 pages
...Company v. De Kay, to which the plaintiff has referred us, the Court of Errors of New Jersey said : " Indeed, as is apparent from all the cases cited, the...corporation, which would be unavailable against a bonafide holder of the same security." 9 Stew. (NJ) 548, 565. The general doctrine was stated with...
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Supreme Court Reporter, Volume 4

United States. Supreme Court - Law reports, digests, etc - 1884 - 732 pages
...the corporation, but improperly, and therefore illegally, issued, applies only in favor of bonaflde holders for value. A person who takes such a security...against a bona fide holder of the same security." 9 Stew. (NJ) 548, 565. The general doctrine was stated with like limitations by this court In the case...
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The American and English Encyclopedia of Law, Volume 4

John Houston Merrill, Thomas Johnson Michie, Charles Frederic Williams, David Shephard Garland - Law - 1888 - 1042 pages
...corporation or its officers in the management of its internal affairs, applies only in favor of bona fide holders for value. A person who takes such a security...unavailable against a bona fide holder of the same security.1 3. Eatification, Acquiescence, Laches, etc. — There are also many instances of the liability...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - National banks (U.S.) - 1889 - 824 pages
...the corporation but improperly, and therefore illegally, issued, applies only in favor of bona fide holders for value. A person who takes such a security...knowledge that the conditions on which alone the security wsis authorized were not fulfilled, is not protected, and in his hands the security is invalid, though...
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A Treatise on the Law of Private Corporations

Henry Osborn Taylor - Corporation law - 1898 - 978 pages
...improperly, and therefore illegally, issued, applies only in favor of bonafide holders for value. A persou who takes such a security with knowledge that the...corporation, which would be unavailable against a bonaf.de holder of the same security."1 | 252. The principles just stated are applicable to provisions...
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United States Supreme Court Reports, Volume 28

United States. Supreme Court - Law reports, digests, etc - 1901 - 1148 pages
...of the corporation, but improperly and therefore illegally issued, applies only in favor ofbonaßde holders for value. A person who takes such a security,...security is invalid, though the imperfection is in some mutter relating to the internal affairs of the corporation, which would be unavailable against a bonafide...
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A Treatise on the Law of Private Corporations

Henry Osborn Taylor - Corporation law - 1902 - 1002 pages
...the corporation, but improperly, and therefore illegally, issued, applies only in favor of bonaßde holders for value. A person who takes such a security...the corporation, which would be unavailable against а Ъопа fide holder of the same security."3 § 252. The principles just stated are applicable to...
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The American State Reports: Containing the Cases of General ..., Volume 108

Abraham Clark Freeman - Law reports, digests, etc - 1906 - 1144 pages
...person who takes a negotiable railway bond with knowledge that the conditions on which alone the bond was authorized were not fulfilled is not protected, and in his hands the bond is invalid, al though the imperfection is in some matter relating to the internal affairs of the...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 111

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1911 - 888 pages
...Company v. De Kay, to which the plaintiff has referred us, the Court of Errors of New Jersey said: " Indeed, as is apparent from all the cases cited, the...corporation, which would be unavailable against a bonafide holder of the same security." 9 Stew. (NJ) 548, 565. The general doctrine was stated with...
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