Perkins v. Coffin
Supreme Court of Connecticut
Suit by minority stockholders to restrain the defendants from calling and holding a meeting of the stockholders of the Connecticut River Company for the purpose of passing upon the question of accepting an amendment of its charter granted by the General Assembly of this State, and from other corporate action, brought to and tried by the Superior Court in Hartford County, Bennett, J.; the court sustained a demurrer to the complaint, and rendered judgment for the defendants,…
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Suit by minority stockholders to restrain the defendants from calling and holding a meeting of the stockholders of the Connecticut River Company for the purpose of passing upon the question of accepting an amendment of its charter granted by the General Assembly of this State, and from other corporate action, brought to and tried by the Superior Court in Hartford County, Bennett, J.; the court sustained a demurrer to the complaint, and rendered judgment for the defendants, from which the plaintiffs appealed.
1DissentWheeler, J.
This action seeks to restrain the Connecticut River Company from accepting an amendment to its charter enacted in 1909, and from exercising the powers conferred by that amendment. The stipulation of counsel, that the amendment has in fact been accepted, relieves the court from the necessity of deciding whether an order restraining the company from accepting this amendment should issue.
I agree with the opinion of the court: “The charter, when originally granted, was unquestionably a close one. No reservation of a power of alteration, amendment or repeal was contained in it.” Unless the…
2Cases cited22 opinions
- Richmond v. Southern Bell Telephone & Telegraph Co.Supreme Court of the United States · 1899
- Minnesota Canal & Power Co. v. Koochiching Co.Supreme Court of Minnesota · 1906
- Carlin v. Western Assurance Co. of Toronto, CanadaCourt of Appeals of Maryland · 1882
- Weld v. Board of Gas & Electric Light CommissionersMassachusetts Supreme Judicial Court · 1908
- People Ex Rel. Brush Electric Manufacturing Co. v. WempleNew York Court of Appeals · 1892
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