Legal Opinion · Dissent

Carnegie Dock & Fuel Co. v. Kensington Mills, Inc.

Supreme Court of Minnesota

Decided May 26, 1922No. 22,879Published

1DissentDibbll, J.

(dissenting.)

In my judgment the articles of incorporation do not confine the corporation’s activities to an exclusively manufacturing business. It can do something in the nature of a storage and elevator business *262aside from manufacturing; and perhaps some further business. The corporation, the record tends to show, construed its articles as allowing it to do a storage business and issue warehouse receipts. As stated in the opinion, a stockholder claiming an exemption from corporate debts must see to it that the articles clearly limit the authorized business to manufacturing. It seems to me…

2Cases cited7 opinions

  1. First National Bank v. Winona Plow Co.Supreme Court of Minnesota · 1894
  2. Graff v. Minnesota Flint Rock Co.Supreme Court of Minnesota · 1920
  3. Anderson v. Anderson Iron Co.Supreme Court of Minnesota · 1896
  4. Meen v. Pioneer Pasteurizing Co.Supreme Court of Minnesota · 1903
  5. Commercial Bank v. Azotine Manufacturing Co.Supreme Court of Minnesota · 1896

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