Legal Opinion

Luthy v. Ream

Appellate Court of Illinois

Decided December 3, 1914No. Gen. No. 5,972PublishedCited by 2 opinions

Appeal from the Circuit Court of Peoria county; the Hon. John M. Niehaus, Judge, presiding. Heard in this court at the October term, 1914.

1Opinion of the CourtJustice Dibell

The Peru Plow & Wheel Company, an Illinois corporation, has been engaged in the manufacture of plows and other farming implements at Peru in La Salle county for many years and has been generally successful in "business. Its corporate stock has. been increased at least twice, and in 1912 consisted of 4,000 shares of the par value of $100 each. Under date of September 4, 1912, forty-one stockholders, owning in all 2,001 shares or a bare majority of the capital stock, entered into a trust agreement with Henry Beam, one of said stockholders. Said agreement recited that said stockholders deemed it…

2Cases cited16 opinions

  1. Smith v. San Francisco & North Pacific Railway Co.California Supreme Court · 1897
  2. Higgins v. LansinghIllinois Supreme Court · 1895
  3. McNulta v. Corn Belt BankIllinois Supreme Court · 1896
  4. Brightman v. BatesMassachusetts Supreme Judicial Court · 1900
  5. Venner v. Chicago City Railway Co.Illinois Supreme Court · 1913

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3Cited by2 opinions

  1. Cahall v. LoflandCourt of Chancery of Delaware · 1921
  2. Elward v. Peabody Coal Co.Appellate Court of Illinois · 1956

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