Miller v. Bradish
Supreme Court of Iowa
Appeal from Winneshielc, District Oowrt. The defendant was a stockholder in an insolvent corporation, and this action was brought at law to recover of him a debt of the corporation. Trial by jury. Judgment for the defendant and plaintiff appeals.
1Opinion of the CourtServers, J.
tions: unwarranted dividends: liability of stockholders, I. There are three counts in the petition. The issue under the first was, by consent, withdrawn from the jury and submitted to the court, and the court found for the defendant. It is provided by ^ x ° statute that “the diversion of the funds of the corporation to other objects than those mentioned in their articles, and in the notices published, as aforesaid, if 'any person is thereby injured, and the payment of dividends!/' which leave insufficient funds to meet the liabilities of the *280corporation, shall be deemed such frauds as will…
2Cases cited1 opinion
- White v. HosfordSupreme Court of Iowa · 1873
3Cited by12 opinions
- Majestic Co. v. Orpheum Circuit, Inc.Court of Appeals for the Eighth Circuit · 1927
- Hubbard v. WeareSupreme Court of Iowa · 1890
- National Surety Co. v. WilliamsSupreme Court of Florida · 1917
- Sherwood v. Home Savings BankSupreme Court of Iowa · 1906
- In re the Judicial Settlement of the Account of TatumAppellate Division of the Supreme Court of the State of New York · 1901
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