Nebraska State Railway Commission v. Alfalfa Butter Co.

Suit in equity, brought by the Nebraska State Railway Commission, to require,' for the alleged benefit of stockholders, an accounting- of corporate funds, and to enjoin the defendant company, its officers and agents, from the further sale of defendant’s corporate stock. The trial court sustained a demurrer to the petition, and, plaintiff having- elected to stand upon the petition, the case was dismissed. Plaintiff appeals.

Plaintiff claims its authority for this action under the provisions of the so-called “Blue Sky Law” (Rev. St. 1913, secs. 796-811), and the primary question to be determined…