Val Verde Hotel Co. v. Hubbell

Citations

• 27 N.M. 545
• 202 P. 982

Syllabus

<p>SYLLABUS BY THE COURT:</p> <p>(1) Parol understanding held to devitalize written contract of subscription to capital stock, and to change the purpose in respect to a matter plainly covered by.it’s terms and therefore to be inadmissable. . P. 546</p> <p>(2) Where the statute under which a- corporation is or-r ganized permits organization upon subscription of less than the authorized capital stock, subscriptions made after incorporation are not subject to the implied condition that all the authorized capital shall be subscribed. P. 548</p>