Atlanta Real Estate Co. v. Atlanta National Bank
Supreme Court of Georgia
Corporations. Stock and Stockholders. Trusts and Trustees. Equity. Practice in Superior Court. Before Judge Stewart. Eulton County. At Chambers. January 17, 1885. On March 27, 1884, the Atlanta National Bank et al. filed their bill against the Atlanta Real Estate Company, H. B. Plant, W. T. Walters, B. E. Newcomer, R. B. Smith, R. T. Wilson andE.
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Corporations. Stock and Stockholders. Trusts and Trustees. Equity. Practice in Superior Court. Before Judge Stewart. Eulton County. At Chambers. January 17, 1885. On March 27, 1884, the Atlanta National Bank et al. filed their bill against the Atlanta Real Estate Company, H. B. Plant, W. T. Walters, B. E. Newcomer, R. B. Smith, R. T. Wilson andE. W. Cole, alleging,in brief, as follows: In 1871, the Southern Railway Security Company was organized under the laws of Pennsylvania, and acquired a large amount of property, consisting of stocks, bonds, interests in railroads, etc. The complainants…
1Opinion of the Court
Hall, Justice.
The complainants, who are shareholders of the stock of the “ Southern Railway Security Company,” exhibited their bill against certain directors and managers of the affairs of that company, and against the Atlanta Real Estate Company. They allege that the first-named defendants converted the assets of the Southern Railway Security Company to their own use, and when they had done so, ceased to conduct business in the name of that company, and suspended its functions and operations. A portion of the effects of the company thus diverted are traced through various channels and hands…
2Cases cited2 opinions
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- King Manufacturing Co. v. ClaySupreme Court of Georgia · 1961
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