More v. Courier-News
North Dakota Supreme Court
Appeal from tbe District Court of Cass County, Pollock, J. Eully paid stock is not assessable under tbe laws of this state. California Trona Co. v. Wilkinson, 20 Cal. App. 694, 130 Pac. 190; Good-now v. American Writing Paper Co. 72 N. J. Eq. 645, 66 Atl. 607; Wells v. Green Bay & M. Canal Co. 90 Wis. 442, 64 N. W. 69*; Wall v. Basin Min. Co. 16 Idaho, 313, 22 L.B.A.(N.S.) 1013, 101 Pac. 733; Scovill y. Tbayer, 105 TJ.
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Appeal from tbe District Court of Cass County, Pollock, J. Eully paid stock is not assessable under tbe laws of this state. California Trona Co. v. Wilkinson, 20 Cal. App. 694, 130 Pac. 190; Good-now v. American Writing Paper Co. 72 N. J. Eq. 645, 66 Atl. 607; Wells v. Green Bay & M. Canal Co. 90 Wis. 442, 64 N. W. 69*; Wall v. Basin Min. Co. 16 Idaho, 313, 22 L.B.A.(N.S.) 1013, 101 Pac. 733; Scovill y. Tbayer, 105 TJ. S. 143, 26 L. ed. 968; Dickennan v. Northern Trust Co. 176 TJ. S. 181, 44 L. ed. 423, 20 Sup. Ct. Bep. 311; Elyton Land Co. v. Birmingham Warehouse & Elevator Co. 92 Ala. 407,…
1Opinion of the CourtBueKb, J.
The defendant is a domestic corporation of $50,000 common stock, par value $100 each. Of this common stock, $36,000 has, and $14,000 has not, been subscribed and issued. Plaintiff is the holder of 100, and the defendants Guild are the owners of 260, shares. Plaintiff’s stock was marked “fully paid” upon its face at the time it was issued. The defendants Guild are in control of the board of directors and of the management of the corporation. In August, 1914, such board of directors attempted to levy an assessment against the issued stock for the gross sum of $4,996.80, or $13.88 upon each…
2Cases cited15 opinions
- Kohler v. AgassizCalifornia Supreme Court · 1893
- Santa Cruz Railroad v. SprecklesCalifornia Supreme Court · 1884
- San Bernardino Investment Co. v. MerrillCalifornia Supreme Court · 1895
- Sullivan v. Triunfo Gold & Silver Mining Co.California Supreme Court · 1870
- Lum v. American Wheel & Vehicle Co.California Supreme Court · 1913
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3Cited by3 opinions
- Hughes v. County of BurlingtonNew Jersey Superior Court Appellate Division · 1968
- Porter v. Northern Fire & Marine InsuranceNorth Dakota Supreme Court · 1917
- Good v. StarkerWisconsin Supreme Court · 1932