Legal Opinion
Germann v. Farmers Tobacco Warehouse Co., Etc.
Court of Appeals of Kentucky (pre-1976)
Decided June 21, 1935PublishedCited by 4 opinions
1Opinion of the Court
Opinion op the Court by
Stanley, Commissioner—.Affirming.
The point for decision is whether a solvent corporation with the consent of all its stockholders and creditors may purchase a portion of its own stock for the purpose of retirement and reducing its capital.
The Farmers Tobacco Warehouse Company of Danville is a Kentucky corporation having but few stockholders. Because of dissension regarding management. a contract was made by the directors and three of the stockholders whereby it was agreed that for the conveyance of certain property and the payment of $3,000 the appellants sold to the…
2Cases cited4 opinions
- In re Castle Braid Co.District Court, S.D. New York · 1906
- Shoemaker v. Washburn Lumber Co.Wisconsin Supreme Court · 1897
- Ecker v. Kentucky Refining Co.Court of Appeals of Kentucky · 1911
- Merchants' Wholesale Grocery Co. v. Bond-Foley Lumber Co.Court of Appeals of Kentucky (pre-1976) · 1927
3Cited by4 opinions
- Covey v. Covey's Little America, Inc.Wyoming Supreme Court · 1963
- Long v. MayoCourt of Appeals of Kentucky (pre-1976) · 1937
- England v. ChristensenCalifornia Court of Appeal · 1966
- Lyons v. SachsCourt of Appeals for the Sixth Circuit · 1942