Legal Opinion
Niles v. Ludlow Valve Mfg. Co.
Court of Appeals for the Second Circuit
Decided January 13, 1913No. 103PublishedCited by 15 opinions
In Error to the District Court of the United States for the Southern District of New York; Charles M. Hough, Judge. Action at law by William W. Niles, as administrator of Isabel W. Niles, deceased, against the Ludlow Valve Manufacturing Company. Judgment for defendant, and plaintiff brings error.
1Opinion of the Court
COXF, Circuit Judge.
At a meeting of the board of directors of the defendant corporation held February 3, 1911, the following resolution was duly ratified :
“Further resolved that the directors of the company be, and they hereby are, authorized, in their discretion, to distribute said increased stock (amounting to 3,000 shares of general stock of the company) by way of dividend or otherwise, as they may determine, to the holders of the issued and outstanding shares of general stock of the company in the proportion of their holdings of said general stock as of such date as may be fixed by the…
2Cited by15 opinions
- St. Louis Southwestern Railway Co. v. LoebSupreme Court of Missouri · 1958
- Johnson v. Johnson & Briggs, Inc.Supreme Court of Virginia · 1924
- Tennant v. EpsteinIllinois Supreme Court · 1934
- Stone v. United States Envelope Co.Supreme Judicial Court of Maine · 1920
- In Re Olympic National Agencies, Inc.Washington Supreme Court · 1968
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