Graebner v. Post
Wisconsin Supreme Court
Appeal from a judgment of the superior court of Milwaukee county: OeRew T. Williams, Judge. Action by respondent, as receiver of the Blue Mound Investment Company, to recover balance due upon a stock subscription. The corporation was organized for “the buying and selling of real estate and improving the same and the loaning of money upon securities.”
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Appeal from a judgment of the superior court of Milwaukee county: OeRew T. Williams, Judge. Action by respondent, as receiver of the Blue Mound Investment Company, to recover balance due upon a stock subscription. The corporation was organized for “the buying and selling of real estate and improving the same and the loaning of money upon securities.” The articles of incorpo- ' ration were recorded August 25, 1892. On the 22d day of August, 1892, at a stockholders’ meeting, by-laws were presented and approved by them, but they were not thereafter formally adopted by the hoard of directors.…
1Opinion of the CourtSiebeckee, J.
Appellant contends the court erred in directing a verdict upon all the issues in respondent’s favor, because no valid call was made for the unpaid stock subscriptions, and because his claim for a setoff was denied. It Reasserted that no by-laws were ever adopted under the power expressly given to the board of directors by the articles of incorporation. A set of by-laws were prepared and approved at a stockholders’ meeting, which was held before the articles of incorporation had been recorded. Tío other by-laws were thereafter prepared or formally adopted by the board of directors. It appears,…
2Cases cited7 opinions
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- Willamette Freighting Co. v. StannusOregon Supreme Court · 1872
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- Beazell v. Farmers Mutual InsuranceMissouri Court of Appeals · 1923
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