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Ch. I] THE PROMOTER
holders. If it is clear by his acts or their implications that he
occupies a fiduciary relation toward the future corporation then
his responsibility is clear. He may be paid profits, but he cannot
take secret and exorbitant profits at the expense of the future
corporations for whose well-being he stands as trustee.^^
^** For elaborate discussions see Machen, A. W.. A Treatise on the Modern Law
of Corporations, or Cook, W. W., A Treatise on the Law of Corporations Having
Capital Stock; and the special works of Alger, A. M., A Treatise on the Law in Relation
to Promoters and the Promotion of Corporations (1897), also Masslich, C. B.,
"Financing a New Corporate Enterprise," 5 111. Law. Rev., 70 (1910).
| Titel | The financial policy of corporations |
| Auteur | Dewing, Arthur Stone |
| Jaartal | 1926 |
| Collectienaam | NIVRA Historisch Archief, UBVU gedigitaliseerd |
| PPN | 344552586 |
| Toegangsgegevens (URL) | http://imagebase.ubvu.vu.nl/getobj.php?ppn=344552586 |
| Signatuur origineel | NIVRAHA149 |
| Evaluatie |
| Titel | NIVRAHA149_00281 |
| Transcript | Ch. I] THE PROMOTER holders. If it is clear by his acts or their implications that he occupies a fiduciary relation toward the future corporation then his responsibility is clear. He may be paid profits, but he cannot take secret and exorbitant profits at the expense of the future corporations for whose well-being he stands as trustee.^^ ^** For elaborate discussions see Machen, A. W.. A Treatise on the Modern Law of Corporations, or Cook, W. W., A Treatise on the Law of Corporations Having Capital Stock; and the special works of Alger, A. M., A Treatise on the Law in Relation to Promoters and the Promotion of Corporations (1897), also Masslich, C. B., "Financing a New Corporate Enterprise," 5 111. Law. Rev., 70 (1910). |
