Foard v. Safe D. T. Co. of Balto.
Court of Appeals of Maryland
Appeal from the Circuit Court No. 2 of Baltimore City. (Gorter, J.) The facts are stated, in the opinion of the Court. The cause was argued before Briscoe, J., presiding, and Burice, Thomas, Ureter, Stockbridge and Coetstable, JJ.
1Opinion of the CourtStockbridge, J.
This case conies before the Court under the 47th General Equity Rule, as a case stated. It, therefore, presents no conflict of facts, merely a question of law. The Joseph R. Foard Company is a corporation formed in 1888, with a full paid capital stock of 500 shares of the par value of $100. It began to pay dividends on its stock in 1896, and continued to do so until 1912, or after the happening of the events which gave rise to this case. The dividends paid varied in amount from 10% per annum to as high as 100%; thus in 1902 there was made what was in effect,a dividend, though called in the…
2Cases cited8 opinions
- Earp's AppealSupreme Court of Pennsylvania · 1857
- Thomas v. GreggCourt of Appeals of Maryland · 1894
- Estate of SmithSupreme Court of Pennsylvania · 1891
- Stokes' EstateSupreme Court of Pennsylvania · 1913
- Coudon v. UpdegrafCourt of Appeals of Maryland · 1911
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3Cited by12 opinions
- Heyn v. Fidelity Trust CompanyCourt of Appeals of Maryland · 1938
- Northern Central Dividend CasesCourt of Appeals of Maryland · 1915
- Washington County Hospital Ass'n v. Hagerstown Trust Co.Court of Appeals of Maryland · 1914
- Miller v. Safe Deposit & Trust Co.Court of Appeals of Maryland · 1916
- Baldwin v. BaldwinCourt of Appeals of Maryland · 1930
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