Legal Opinion

Selig v. Hamilton

Supreme Court of the United States

Decided June 22, 1914No. 361PublishedCited by 67 opinions

ERROR TO THE DISTRICT COURT OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK. The facts, which involve the validity of a judgment of the District Court of the United States for the Southern District of New York enforcing the liability of a stockholder of an insolvent Minnesota corporation, are stated in the opinion.

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ERROR TO THE DISTRICT COURT OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK. The facts, which involve the validity of a judgment of the District Court of the United States for the Southern District of New York enforcing the liability of a stockholder of an insolvent Minnesota corporation, are stated in the opinion. The order of assessment does not purport to decide defendant’s liability, but only the amount of probable debts and assets and the extent to which it was necessary on the basis of all debts to resort to the liability of stockholders. The decree allowing the claims filed…

1Opinion of the CourtJustice Hughes

This action was brought in the District Court of the United States, for the Southern District of New York, to enforce the liability of a stockholder of an insolvent Minnesota corporation.

In 1902, the Evans, Munzer, Pickering Company, was incorporated under the laws of Minnesota for the purpose of transacting a mercantile business. In 1904, its name was changed to the Evans, Johnson, Sloane Company. Its capital stock consisted of 1,500 shares of common and 1,000 shares of preferred stock of the par value of $100 each. The plaintiff in error, Arthur L. Selig, became the owner of 50 shares of…

2Cases cited5 opinions

  1. Hale v. AllinsonSupreme Court of the United States · 1903
  2. Bernheimer v. ConverseSupreme Court of the United States · 1907
  3. Converse v. HamiltonSupreme Court of the United States · 1912
  4. Finney v. GuySupreme Court of the United States · 1903
  5. Platt v. WilmotSupreme Court of the United States · 1904

3Cited by67 opinions

  1. Home Building & Loan Assn. v. BlaisdellSupreme Court of the United States · 1934
  2. Coe v. Armour Fertilizer WorksSupreme Court of the United States · 1915
  3. Supreme Council of the Royal Arcanum v. GreenSupreme Court of the United States · 1915
  4. Broderick v. RosnerSupreme Court of the United States · 1935
  5. Hartford Life Insurance v. IBSSupreme Court of the United States · 1915

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