Keystone Guard v. Beaman
Supreme Court of Pennsylvania
Appeal, No. 144, Jan. T., 1919, by TJ. M. Fell, from decree of C. P. Bradford Co., Dec. T., 1911, No. 1, on bill in equity in case of The Keystone Guard, a corporation in the hands of J. W. Ballard, Receiver, v. J. W. Beaman, IT. M. Fell et al. Bill in equity to compel officers and directors of a corporation to repay funds misappropriated. The court entered a decree directing U. M. Fell to pay plaintiff the sum of $5,000. U. M. Fell appealed.
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Appeal, No. 144, Jan. T., 1919, by TJ. M. Fell, from decree of C. P. Bradford Co., Dec. T., 1911, No. 1, on bill in equity in case of The Keystone Guard, a corporation in the hands of J. W. Ballard, Receiver, v. J. W. Beaman, IT. M. Fell et al. Bill in equity to compel officers and directors of a corporation to repay funds misappropriated. The court entered a decree directing U. M. Fell to pay plaintiff the sum of $5,000. U. M. Fell appealed. Error assigned was the decree of the court,
1Opinion of the Court
Opinion by
Mr. Justice Walling,
This bill in equity is by the receiver of a defunct beneficial corporation against its officers and directors for misfeasance and unlawful appropriation of corporate funds. In 1906 the Keystone Guard, a beneficial society, was chartered as a Pennsylvania corporation, with head*399quarters at Athens in Bradford County. It grew rapidly, established subordinate branches in many states and in 1910 had about nine thousand members, divided into three classes, all of whom paid dues and assessments; from this a surplus of about $271,000 had accumulated, which was invested in…
2Cases cited5 opinions
- McClure v. . LawNew York Court of Appeals · 1899
- Luther v. LutherSupreme Court of Pennsylvania · 1906
- Spangler Brewing Co. v. McHenrySupreme Court of Pennsylvania · 1914
- Cumberland Valley Railroad Company's AppealSupreme Court of Pennsylvania · 1869
- Frey v. StippSupreme Court of Pennsylvania · 1909
3Cited by3 opinions
- Modern Baking Co. v. OrringerSupreme Court of Pennsylvania · 1921
- Commonwealth v. HiltonCommonwealth Court of Pennsylvania · 1983
- Prowell v. Brittingham, Pennsylvania Court of Common Pleas, Dauphin County1958