Legal Opinion
Snyder Electric Co. v. Fleming
Supreme Court of Minnesota
Decided May 29, 1981No. 51237PublishedCited by 59 opinions
1Opinion of the Court
SIMONETT, Justice.
Two creditors of an insolvent corporation sued its sole stockholder and chief officer to recover on their money judgments against the corporation. The trial court ruled in favor of the defendant officer-stockholder. We reverse.
Defendant Robert J. Fleming was the president and sole stockholder of Fleming Sheet Metal Company (Fleming Metals), a heating and ventilating business incorporated in 1965. The stated capital of the corporation was $5,000. No dividends were ever paid and earnings were retained to provide operating capital. Additional operating capital was obtained from…
2Cases cited16 opinions
- Dewitt Truck Brokers, Inc. v. W. Ray Flemming Fruit Company and W. Ray FlemmingCourt of Appeals for the Fourth Circuit · 1976
- Victoria Elevator Co. of Minneapolis v. Meriden Grain Co.Supreme Court of Minnesota · 1979
- Patterson v. StewartSupreme Court of Minnesota · 1889
- Taylor v. MitchellSupreme Court of Minnesota · 1900
- Fidelity Bank & Trust Co. v. FitzimonsSupreme Court of Minnesota · 1977
11 more not listed; retrieve them via the Exa API.
3Cited by59 opinions
- 20 Collier bankr.cas.2d 19, Bankr. L. Rep. P 72,385, 7 Ucc rep.serv.2d 656 in Re Bellanca Aircraft Corporation, Debtor (Three Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas Corporation, (Two Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas CorporationCourt of Appeals for the Eighth Circuit · 1988
- Official Committee of Unsecured Creditors of Toy King Distributors, Inc. v. Liberty Savings Bank, FSB (In Re Toy King Distributors, Inc.)United States Bankruptcy Court, M.D. Florida · 2000
- Mullins v. VenableWest Virginia Supreme Court · 1982
- Damon v. GroteboerDistrict Court, D. Minnesota · 2013
- Spagnola v. Chubb Corp.District Court, S.D. New York · 2010
54 more not listed; retrieve them via the Exa API.