Nicollet National Bank v. Frisk-Turner Co.
Supreme Court of Minnesota
In an action in the district court for Hennepin county against the Frisk-Turner Company and all its stockholders, to enforce the individual liability of the stockholders for debts of the company, the plaintiff appealed from an order of Johnson, J., denying its motion for a new trial after a dismissal of the action at the close of plaintiff’s testimony.
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In an action in the district court for Hennepin county against the Frisk-Turner Company and all its stockholders, to enforce the individual liability of the stockholders for debts of the company, the plaintiff appealed from an order of Johnson, J., denying its motion for a new trial after a dismissal of the action at the close of plaintiff’s testimony. The articles of incorporation assert the right to transact all business necessary and incidental, not merely to the manufacture, but to the sale of clothing, and their scope is broad enough to permit, and they did permit, mercantile as well as…
1Opinion of the CourtBuck, J.
The plaintiff bank recovered a judgment against the Frisk-Turner Company on July 28, 1896, for the sum of $14,443.16, on which an execution was returned unsatisfied. On July 24, 189.6, said company made an assignment, under the insolvency laws of this state, to Willard T. Atwater, one of these defendants. The total value of *416the assets which came into the assignee’s possession and control did not exceed $3,000. The plaintiff brought this action, by supplemental complaint, to enforce the individual liability of the shareholders of the Frisk-Turner Company. The receiver of the City Bank of…
2Cases cited7 opinions
- Boyd's Lessee v. GravesSupreme Court of the United States · 1819
- State ex rel. Clapp v. Minnesota Thresher Manufacturing Co.Supreme Court of Minnesota · 1889
- Hood v. New York & New Haven RailroadSupreme Court of Connecticut · 1852
- Kraniger v. People's Building SocietySupreme Court of Minnesota · 1895
- First National Bank v. Winona Plow Co.Supreme Court of Minnesota · 1894
2 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Burke v. MeadIndiana Supreme Court · 1902
- C. Thomas Stores Sales System, Inc. v. SpaethSupreme Court of Minnesota · 1941
- Peirson v. American Hardware Mutual Insurance Co.Supreme Court of North Carolina · 1959
- State v. Mortgage Security Co. of Minnesota, Inc.Supreme Court of Minnesota · 1923
- Senour Manufacturing Co. v. Church Paint & Manufacturing Co.Supreme Court of Minnesota · 1900
8 more not listed; retrieve them via the Exa API.