Converse, Receiver v. Aetna National Bank
Supreme Court of Connecticut
Action by a Minnesota receiver to collect an assessment made by a Minnesota court against the defendant and other stockholders of an insolvent corporation of that State, under its laws imposing a double liability, brought to the Superior Court in Hartford County where a demurrer to the complaint was overruled (Thayer, J.) and the cause was afterward tried to the court, Reed, J.; facts found and judgment rendered for the plaintiff, and appeal by the defendant.
1Opinion of the CourtBaldwin, J.
The Minnesota Thresher Manufacturing Company was organized in 1884, under the laws of Minnesota. Its articles of incorporation specified as the corporate purposes, the purchase, in whole or part, of the capital stock, evidences of indebtedness, and assets of the Northwestern Manufacturing and Car Company, and the manufacture of steam engines and certain other articles. The defendant became a shareholder in the Minnesota Thresher Manufacturing Company prior to 1899. At that time the Constitution of Minnesota declared that “each stockholder in any corporation, [excepting those organized for the…
2Cases cited20 opinions
- Hale v. AllinsonSupreme Court of the United States · 1903
- California Bank v. KennedySupreme Court of the United States · 1897
- Great Western Telegraph Co. v. PurdySupreme Court of the United States · 1896
- Howarth v. . AngleNew York Court of Appeals · 1900
- State ex rel. Clapp v. Minnesota Thresher Manufacturing Co.Supreme Court of Minnesota · 1889
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3Cited by12 opinions
- New Haven Metal & Heating Supply Co. v. DanaherSupreme Court of Connecticut · 1941
- Broderick v. McGuireSupreme Court of Connecticut · 1934
- Northern Pac. Ry. Co. v. CrowellDistrict Court, D. New Jersey · 1917
- Mount Vernon Bank & Trust Co. v. Iowa Employment Security CommissionSupreme Court of Iowa · 1943
- First Nat. Bank v. Multnomah State BankOregon Supreme Court · 1918
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