Standard Lithographing & Printing Co. v. Twin City Motor Speedway Co.
Supreme Court of Minnesota
In the matter of winding np the affairs of Twin City Motor Speedway Company, Benjamin A. Panst and Paul F. Cooke, creditors of defendant, filed their complaint in intervention in the district court for Ramsey county, to recover $10,069.90. Respondents Dutton and Sperry filed separate answers to the complaint in intervention. The case was tried before Olin B. Lewis, J., who made findings and ordered judgment in favor of defendant.
Read the full summary
In the matter of winding np the affairs of Twin City Motor Speedway Company, Benjamin A. Panst and Paul F. Cooke, creditors of defendant, filed their complaint in intervention in the district court for Ramsey county, to recover $10,069.90. Respondents Dutton and Sperry filed separate answers to the complaint in intervention. The case was tried before Olin B. Lewis, J., who made findings and ordered judgment in favor of defendant. The motion of intervening creditors for amended findings was granted in part. Their motion for a new trial was denied. From the judgment entered pursuant to the…
1Opinion of the CourtQuinn, J.
Appeal by the interveners from a judgment disallowing their claim filed in this, an action to wind up the affairs of the defendant corporation.
The defendant is a Minnesota corporation organized April 8, 1915, with an authorized capital of one million dollars, divided into ten thousand shares. The general nature of its business was to construct, maintain and operate a speedway in the vicinity of the cities of St. Paul and Minneapolis. April 26 the company issued certificates to its stockholders for its entire capital stock, of which 1,818 shares were issued to Orrin Kellogg in payment for…
2Cases cited1 opinion
- First Avenue Land Co. v. ParkerWisconsin Supreme Court · 1901
3Cited by2 opinions
- Standard Lithographing Co. v. Twin City Motor Speedway Co.Supreme Court of Minnesota · 1920
- MacLaren v. WoldSupreme Court of Minnesota · 1926