Wm. B. Joyce & Co. v. Eifert
Indiana Court of Appeals
From Superior Court of Marion County (82,445) ; Joseph Collier, Judge. Receivership proceeding against the Automobile Insurance Company of America, in which ¥m. B. Joyce & Company and another intervened. From a judgment directing the receiver in the making of distribution, the interveners appeal.
1Opinion of the CourtIbach, J.
The Automobile Insurance Company of America was incorporated under the laws of this State, with an authorized capital stock of 100,000 shares, each of the par value of $10. During the process of organization a large amount of stock was sold to divers persons throughout the United States by means of gross misrepresentations, and more than $100,000 had been dissipated through agents’ commissions, 37£ per cent having been allowed agents securing all stock subscriptions, whether such subscriptions were paid by cash or by note. Before the organization of the company was completed and before…
2Cases cited8 opinions
- Pence v. LangdonSupreme Court of the United States · 1879
- Thompson v. HowardMichigan Supreme Court · 1875
- Kearney Milling & Elevator Co. v. Union Pacific Railway Co.Supreme Court of Iowa · 1896
- Kline v. VogelSupreme Court of Missouri · 1886
- Marion Trust Co. v. BlishIndiana Supreme Court · 1908
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3Cited by10 opinions
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- MacNamee v. Bankers' Union for Foreign Commerce & Finance, Inc.Court of Appeals for the Second Circuit · 1928
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