Ellsworth Woolen Manufacturing Co. v. Faunce
Supreme Judicial Court of Maine
On report on.agTeed statement. The opinion states the ease. "Capital stock" is defined as follows in the books. Kapalje & Lawrence’s Law Diet, gives it in this way : "Capital stock, The aggregate sum represented by the shares of stock in a company or corporation; the amount subscribed to the stock by the promoters and members, upon which assessments or calls may be made and dividends paid; the corporate fund as distinguished from other property of the corporation.”
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On report on.agTeed statement. The opinion states the ease. "Capital stock" is defined as follows in the books. Kapalje & Lawrence’s Law Diet, gives it in this way : "Capital stock, The aggregate sum represented by the shares of stock in a company or corporation; the amount subscribed to the stock by the promoters and members, upon which assessments or calls may be made and dividends paid; the corporate fund as distinguished from other property of the corporation.” Bouvier’s Law Diet. defines it in this wa\': "Capital stock, The sum divided into shares, which is raised by mutual subscription…
1Opinion of the CourtFoster, J.
Bill in equity for the redemption of a mortgage given by the plaintiff corporation upon its real estate to one Lewis Friend, and by him assigned to the defendants, who were at the date of the assignment, and still claim to be, a majority of the board of directors of said corporation. Fourteen days after theyissignment, the defendants commenced foreclosure proceedings by publication, the mortgage containing the ordinary one *442year foreclosure clause. Before the time for redemption had expired, an annual meeting of the company was held, and, as it is claimed, a new board of directors was elected.…
2Cases cited1 opinion
- Mahone v. Manchester & Lawrence RailroadMassachusetts Supreme Judicial Court · 1872
3Cited by7 opinions
- Hooker, Corser & Mitchell Co. v. HookerSupreme Court of Vermont · 1914
- Hill v. TownMichigan Supreme Court · 1912
- Clark v. WildSupreme Court of Vermont · 1911
- Tagger v. AstrueDistrict Court, C.D. California · 2008
- Vergne Roig v. Tribunal Superior de MayagüezSupreme Court of Puerto Rico · 1954
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