| 1892 - 582 páginas
...by an individual; that the same principles of law apply to each. That the phrase that " the capital of a corporation is a trust fund for the payment of its creditors" is misleading, if not inaccurate, is illustrated by the character of the actions that are... | |
| 1876 - 860 páginas
...as Scammon v. Kimball, follow the principle of Sawyer v. Hoag, 17 Wall. 610, that the capital stock of a corporation is a trust fund for the payment of its debts to its creditors, which must in all cases be applied to that purpose pro rata. Others of the cases... | |
| Austin Abbott - 1878 - 592 páginas
...certificate of the stock subjects the holder to the liabilities of a stockholder. The capital stock of a corporation is a trust fund for the payment of its debts, and the directors of the corporation, who are the trustees of the fund, will not be permitted to waste... | |
| 1881 - 1900 páginas
...Russell, for complainant. CA Kent and F, A. Baker, for defendants. BROWN, DJ That the capital stock of a corporation is a trust fund for the payment of its debts, and that the law implies a promise by the subscribers of stock to pay its par value, which in this instance... | |
| United States. Circuit Court (1st Circuit), William Henry Clifford - 1880 - 728 páginas
...questioned after the numerous decisions by the Supreme Court of the United States. The capital stock of a corporation is a trust fund for the payment of its debts, publicly pledged to all who deal with it. Ogilvie v. Insurance Company, 22 How. 387. » It is a trust... | |
| 1881 - 628 páginas
...want of a sufficient affidavit of defence. CJ Erdman, for the plaintiff in error. The capital stock of a corporation is a trust fund for the payment of its debts. Wood v. Dummer, 3 Mason, 308. Germantown Pass. RW Co. v. Filler, 10 Smith, 124. There is no such mutuality... | |
| Nathan Howard (Jr.), Rowland M. Stover - 1882 - 666 páginas
...and see Wintringham agt. Wintringham, 20 <7oAw., 297). It is suggested, however, that the property of a corporation is a trust fund for the payment of its debts, and that whenever it has been wrongfully and fraudulently diverted, creditors may reach and have it applied... | |
| Illinois. Appellate Court, James Bolesworth Bradwell - 1883 - 722 páginas
...Kuren, 22 low.-i 226; Hughes v. Corey, 20 Iowa, 399; Stevens v. Dilhnan, 86 II1. 233. The capital stock of a corporation is a trust fund for the payment of its debts: Ogilvie v. Ins. Co. 22 How. 387. A corporation can not give away its stock and issue paid up certificates:... | |
| 1876 - 870 páginas
...as Scammon v. Kimball, follow the principle of Sawyer v. Hoag, 17 Wall. 610, that the capital stock of a corporation is a trust fund for the payment of its debts to its creditors, which must in all cases be applied to that purpose pro rata. Others of the cases... | |
| 1884 - 628 páginas
...obligation which is founded in no statute, but exists by force of the consideration that the capital stock of a corporation is a trust fund for the payment of...corporation, and the exhaustion of its assets, its unpaid capital stock may be appropriated for the benefit, not of any one creditor, but of the whole body of... | |
| |