Carter v. Producers' Oil Co.
Supreme Court of Pennsylvania
Appeal, No. 173, Jan. T., 1897, by plaintiff, from decree of C. P. Warren Co., June T., 1896, No. 18, dismissing bill in equity. Bill in equity to enforce the alleged rights of a transferee of shares in a limited partnership association.
Read the full summary
Appeal, No. 173, Jan. T., 1897, by plaintiff, from decree of C. P. Warren Co., June T., 1896, No. 18, dismissing bill in equity. Bill in equity to enforce the alleged rights of a transferee of shares in a limited partnership association. The facts appear by the opinion of the court below, by Notes, P. J., which is as follows : FINDINGS OF FACT. 1. The Producers’ Oil Company, Limited, is an association organized under the act of assembly of the commonwealth of Pennsylvania, approved June 2,1874, and its supplements, with a capital stock of 1600,000, divided into 60,000 shares of a par value of…
1Opinion of the Court
Opinion by
Mr. Justice McCollum,
We think the court below entered the proper decree in this case. The plaintiff filed his bill to compel the defendant company to concede to him the rights of a member as to shares of which he was merely a transferee. The shares so held by him, together with the shares he subscribed for, represented a clear majority of the capital of the company. On payment of his subscription in accordance with its terms he was duly elected to membership in the company, and he then received from it a certificate for 300 shares of its capital of the par value of $10.00 each, that…
2Cited by8 opinions
- Ostrom v. . GreeneNew York Court of Appeals · 1900
- Weiland v. HoganMichigan Supreme Court · 1913
- Andrews Bros. v. Youngstown Coke Co.Court of Appeals for the Sixth Circuit · 1898
- Carle v. Carle Tool & Engineering Co.New Jersey Superior Court Appellate Division · 1955
- Carter v. Producers' Oil Co.Supreme Court of Pennsylvania · 1901
3 more not listed; retrieve them via the Exa API.