Legal Opinion
G. Loewus v. Highland Queen
New Jersey Court of Chancery
Decided June 7, 1939PublishedCited by 3 opinions
1Opinion of the Court
The receiver of the defendant, Highland Queen Packing Company, an insolvent New Jersey corporation, prays that its three stockholders be assessed a sum sufficient to pay creditors and administration expenses, on the theory that their stock is not fully paid.
The stock is without par value, issued pursuant to R.S.14:8-6:
"Every corporation organized under this title may issue and may sell its authorized shares without nominal or par value, from time to time, for such consideration as may be prescribed in the certificate of incorporation, or, if so provided in the certificate of incorporation, as…
2Cases cited8 opinions
- Holcombe v. Trenton White City Co.New Jersey Court of Chancery · 1912
- See v. HeppenheimerNew Jersey Court of Chancery · 1905
- Easton National Bank v. American Brick & Tile Co.Supreme Court of New Jersey · 1906
- Cumberland Lumber Co. v. Clinton Hill Lumber Manufacturing Co.Supreme Court of New Jersey · 1899
- Allenhurst Park Estates v. SmithNew Jersey Court of Chancery · 1927
3 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- In Re Mid-Center Redevelopment Corp.District Court, D. New Jersey · 1974
- Hodge v. the Cuba Co.New Jersey Court of Chancery · 1948
- In re Bell Tone Records, Inc.District Court, D. New Jersey · 1950