Kane v. Bloodgood
New York Court of Chancery
ON a rehearing. The bill, filed July 5th, 1821, stated, that an act was passed, March 30th, 1797, incorporating the Hamilton Manufacturing Society; and that, by an act of the 28th of March, 1809, its duration was extended to the 1st of March, 1821. That on the 1st of April, 1797, the stock of the society consisted of 41 shares, at 1000 dollars each; that Leonard Gansevoort then owned one share, worth 1000 dollars, and, afterwards, on the 10th of September, 1804, being…
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ON a rehearing. The bill, filed July 5th, 1821, stated, that an act was passed, March 30th, 1797, incorporating the Hamilton Manufacturing Society; and that, by an act of the 28th of March, 1809, its duration was extended to the 1st of March, 1821. That on the 1st of April, 1797, the stock of the society consisted of 41 shares, at 1000 dollars each; that Leonard Gansevoort then owned one share, worth 1000 dollars, and, afterwards, on the 10th of September, 1804, being entitled to six other shares, he assigned, for a valuable consideration, all the seven shares to J. Of A. Kane, with all the…
1Opinion of the Court
The Chancellor.
The defendants have pleaded the
statute of limitations to so much of the bill as seeks satisfaction for the dividends or profits on seven shares of the stock of the society, assigned by Leonard Gansevoort to J. fy A. Kane, and which accrued between the 1st of May and 9th of October, 1804; and to so much of the bill as seeks satisfaction ior the dividends or profits on a share of the said stock, described in the bill as share No. 41, prior, to the 1st July, 1815, and also to so much of the bill as calls for an account and payment of moneys alleged to have been advanced or paid,…
2Cases cited2 opinions
- Decouche v. SavetierNew York Court of Chancery · 1817
- Goodrich v. PendletonNew York Court of Chancery · 1818
3Cited by159 opinions
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- Teasley v. BradleySupreme Court of Georgia · 1900
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