Dodge v. Ford Motor Co.
Michigan Supreme Court
Appeal from Wayne; Hosmer, J. Bill by John F. Dodge and another against the Ford Motor Company and others to compel the declaration of dividends and for an injunction. From the decree rendered, defendants appeal. The Ford Motor Company is a corporation organized and existing under Act No. 232 of the Public Acts oí 1903 (2 Comp.
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Appeal from Wayne; Hosmer, J. Bill by John F. Dodge and another against the Ford Motor Company and others to compel the declaration of dividends and for an injunction. From the decree rendered, defendants appeal. The Ford Motor Company is a corporation organized and existing under Act No. 232 of the Public Acts oí 1903 (2 Comp. Laws 1915, § 9017 et seq.), entitled: “An act to revise and consolidate the laws providing for the incorporation of manufacturing and mercantile companies or any union of the two, and for the incorporation of companies for carrying on any other lawful business, except…
1Opinion of the CourtOstrander, J.
(after stating the facts). The au thorized capital stock of the defendant company is $2,000,000. Its capital, in July, 1916, invested in some form of property, including accounts receivable, was $78,278,418.65, and, less liabilities other than capital stock, was more than $60,000,000. Besides this, it had ana was using as capital nearly $54,000,000 in cash or the equivalent of cash. It is contended by plaintiffs that because the statute has prescribed that the total authorized capital stock shall be not less than $1,000, and not more than $25,000,000 (now $50,000,-000), the capital of any…
2Cases cited4 opinions
- Hawes v. OaklandSupreme Court of the United States · 1882
- Hunter v. Roberts, Throp & Co.Michigan Supreme Court · 1890
- Steinway v. Steinway & SonsNew York Supreme Court · 1896
- People ex rel. Metropolitan Life Insurance v. HotchkissAppellate Division of the Supreme Court of the State of New York · 1909
3Cited by75 opinions
- Commodity Futures Trading Commission v. WeintraubSupreme Court of the United States · 1985
- Donahue v. Rodd Electrotype Co. of New England, Inc.Massachusetts Supreme Judicial Court · 1975
- Williams v. Green Bay & Western RailroadSupreme Court of the United States · 1946
- Schuckman v. RubensteinCourt of Appeals for the Sixth Circuit · 1947
- Gordon v. EllimanNew York Court of Appeals · 1954
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