Report of the Commissioner of Corporations On State Laws Concerning Foreign ...
Report of the Commissioner of Corporations On State Laws Concerning Foreign ...
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The directors are liable for ail debts contracted by the corporation during the year next preceding that date. Whether the State may refuse, to receive the annual report of a corpora- tion which has assumed to do business in the State without compliance, not decided. Nolds v. Hendrie A Bolthoff Mfg. Co., 56 Colo., 322 (1914).
Digitized by Google 116 STATE LAWS CONCERNING FOREIGN CORPORATIONS.
Maine; ^ any director of a corporation which is in default for a period of 10 days in making and filing... an annual report within the time Specified; who has neglected or refused to join in making such report, shall be Uable for all the debts of such corporation contracted since the filing of the last report of such corporation, and shall abo be liable to such corporation for any damages sustained by it by reason of such refusal or neglect, in Michigan; ' the officers and directors or principal agent in Missouri, of any foreign corporation which shall violate the provisions of law in relation thereto, shall be held as part- ners and shall become severally and individually Uable for debts of such corporation, in Missouri; ' if any corporation shall fail to file the annual report the treasurer and directors shall be individually liable for all the debts and contracts of the corporation then existing or which shall be contracted until the return is made, in New Hampshire.* Oriminal liability of officers and agents,— The president and secre- tary of any foreign corporation f aiUng to comply with the require- ments shall be subject to a fine of not less than $1,000, in ColorfiHo;* each and every person who exercises any of the powers of a delin- quent foreign corporation which has not paid the Ucense tax, to- gether with the penalty for such delinquency, or who transacts any business for or in behalf of any such corporation, after the SOfh day of November next following the delinquency, shall be guilty of a mis- demeanor, and upon conviction thereof shall be punished by a fine of not less than $100 nor exceeding $1,000, or by imprisonment in the county jail not less than 50 nor more than 500 days, or both, in Idaho;* any president or other officer of a corporation who shall refuse or fail to make annual return for tax purposes shall be guilty of a mis- demeanor, and on conviction, shall be punished by a fine or im- prisonment, or both, at the discretion of the court, in Louisiana;' every officer of a foreign corporation which fails to file its annual re- port, who transacts business as such in the State, shall be liable to a fine of not more than $500, in Maine ,•• if the annual certificate and tax shall not be filed and paid as required, the officers shall be guilty of a misdemeanor, and liable to a fine of $200, in Maryland;* any 1 Sec.
What to read after Report of the Commissioner of Corporations On State Laws Concerning Foreign ...?
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To quickly assess the difficulty of the text, read a short excerpt:
The directors are liable for ail debts contracted by the corporation during the year next preceding that date. Whether the State may refuse, to receive the annual report of a corpora- tion which has assumed to do business in the State without compliance, not decided. Nolds v. Hendrie A Bolthoff Mfg. Co., 56 Colo., 322 (1914).
Digitized by Google 116 STATE LAWS CONCERNING FOREIGN CORPORATIONS.
Maine; ^ any director of a corporation which is in default for a period of 10 days in making and filing... an annual report within the time Specified; who has neglected or refused to join in making such report, shall be Uable for all the debts of such corporation contracted since the filing of the last report of such corporation, and shall abo be liable to such corporation for any damages sustained by it by reason of such refusal or neglect, in Michigan; ' the officers and directors or principal agent in Missouri, of any foreign corporation which shall violate the provisions of law in relation thereto, shall be held as part- ners and shall become severally and individually Uable for debts of such corporation, in Missouri; ' if any corporation shall fail to file the annual report the treasurer and directors shall be individually liable for all the debts and contracts of the corporation then existing or which shall be contracted until the return is made, in New Hampshire.* Oriminal liability of officers and agents,— The president and secre- tary of any foreign corporation f aiUng to comply with the require- ments shall be subject to a fine of not less than $1,000, in ColorfiHo;* each and every person who exercises any of the powers of a delin- quent foreign corporation which has not paid the Ucense tax, to- gether with the penalty for such delinquency, or who transacts any business for or in behalf of any such corporation, after the SOfh day of November next following the delinquency, shall be guilty of a mis- demeanor, and upon conviction thereof shall be punished by a fine of not less than $100 nor exceeding $1,000, or by imprisonment in the county jail not less than 50 nor more than 500 days, or both, in Idaho;* any president or other officer of a corporation who shall refuse or fail to make annual return for tax purposes shall be guilty of a mis- demeanor, and on conviction, shall be punished by a fine or im- prisonment, or both, at the discretion of the court, in Louisiana;' every officer of a foreign corporation which fails to file its annual re- port, who transacts business as such in the State, shall be liable to a fine of not more than $500, in Maine ,•• if the annual certificate and tax shall not be filed and paid as required, the officers shall be guilty of a misdemeanor, and liable to a fine of $200, in Maryland;* any 1 Sec.
What to read after Report of the Commissioner of Corporations On State Laws Concerning Foreign ...?
You can find similar books in the "Read Also" column, or choose other free books by United States Bureau of Corporations to read onlineMoreLess
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