Burwash v. Ballou
Illinois Supreme Court
Appeal from the Appellate Court for the First District;— heard in that court on appeal from the Circuit Court of Cook county; the Hon. Charles M. Walker, Judge, presiding.
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Appeal from the Appellate Court for the First District;— heard in that court on appeal from the Circuit Court of Cook county; the Hon. Charles M. Walker, Judge, presiding. This was a bill in chancery filed by the appellant in the circuit court of Cook county, against the appellees, to set aside a sale of seven thousand shares, of the par value of one dollar per share, of the capital stock of the International Copper and Gold Company, a corporation purporting to be organized under the laws of Arizona, made by the appellees to the appellant, at eighty cents per share, on the 15th day of July,…
1Opinion of the CourtChief Justice Hand
The International Copper and Gold Company was a de facto corporation, and the appellant having purchased its stock of the appellees, in a proceeding like this, no warranty having been made by the appellees that the corporation issuing said stock was a de jure corporation, the appellant cannot escape the payment of the consideration agreed to be paid by him for said stock, by showing that the International Copper and Gold Company, which issued said stock, was not legally organized, or that its increase of stock, of which that purchased by appellant formed a part, was illegally issued.…
2Cases cited7 opinions
- Grimes v. SandersSupreme Court of the United States · 1876
- Gage v. LewisIllinois Supreme Court · 1873
- Delaney v. DelaneyIllinois Supreme Court · 1898
- Greenwood v. FennIllinois Supreme Court · 1891
- Marshall v. KeachIllinois Supreme Court · 1907
2 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Norville v. Alton Bigtop Restaurant, Inc.Appellate Court of Illinois · 1974
- Pustelniak v. VilimasIllinois Supreme Court · 1933
- Rogers v. RosenfeldWisconsin Supreme Court · 1914
- Gamet v. HaasSupreme Court of Iowa · 1914
- Bell v. Title Trust & Guarantee Co.Supreme Court of Pennsylvania · 1927
5 more not listed; retrieve them via the Exa API.