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INTRODUCTORY.

ALTHOUGH, by giving them in orderly arrangement the statute law of corporations, this compilation will doubtless be of value to lawyers, it has not been made primarily for them. It has been prepared chiefly for the benetit of the non-professional seeker after the information it contains. The editor has not, therefore, deemed it expedient to make it a digest also of judicial decisions, but only such decided points have been given as might benefit the persons for whom the work is intended, or which might guard them against a possible misinterpretation of statutes.

The editor has been obliged to use his discretion as to what should go into the compilation, and he has omitted code provisions as to actions against corporations, including the procedure in quo warranto, and the provisions as to taxation which are to be found already codified in the general statutes.

The sections of the work are numbered consecutively in order to make cross-references readily accessible. Only the section numbers of the General Statutes of 1901 are given to sections, without the dates of the acts themselves. By referring to the sections of the General Statutes the reader will there find the dates of

any

such enactments. The book is divided into three parts. The first part contains the provisions applicable to corporations in general. The second part gives the provisions peculiar to particular kinds of corporations. The third part comprises provisions as to foreign corporations. But while this arrangement has been adhered to in the main, the editor has not thought it advisable to dismember

long statutes, such as those relating to Banking, Building and Loan Associations, and Insurance, in order to put each section or part of a section in the particular division where it belongs. Those statutes have been printed entire in the second part, and particular provisions have been distributed to their proper places by means of cross-references. The corporations included in the second part are arranged in alphabetical order so as to be conveniently found. An appendix contains the instructions and forms provided by the Charter Board and the Secretary of State. A full but brief index lays before the reader every provision in the book relating to any particular topic. In short, accuracy, completeness and convenience have been the editor's aims.

In this edition will be found the laws passed by the Legislature of 1903, some of which are quite important. The Trust Company Law of 1901, as amended, has been included, for the reason that while trust companies must, in the nature of things, be few, many other corporations may become interested in the doings of trust companies. Other additions have been made, and the editor has sought to bring the compilation fully up to date.

G. C. CLEMENS. August, 1903.

PART I.

GENERAL PROVISIONS.

NOTE.

The reader must understand that this part is a compilation of only such provisions as relate to corporations in general. He should consult the law relating to the particular kind of corporation in which he is interested, to be found in Part II; for there are provisions as to charters, capital, organization and so on, peculiar to banks, different kinds of insurance companies, and building and loan associations, and to have put under each division of the first part full cross-references to all these peculiar provisions, would have so overloaded the margin with cross-references that their value would have been destroyed. Cross-references are given, but only within reasonable limits.

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