Dows v. Schuh
Michigan Supreme Court
Error to Kent; McDonald, J. Assumpsit by John L. Dows, trustee, against Herman L. Schuh and others on a promissory note. Judgment for plaintiff. Defendants bring error. The Differential Clock Company is an Illinois corporation. It made application to the Michigan securities commission for permission to sell its stock in this State. On May 9, 1917, the commission heard its application, and, acting under the provisions of section 8 of Act No. 46, Pub. Acts 1915 (8 Comp.
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Error to Kent; McDonald, J. Assumpsit by John L. Dows, trustee, against Herman L. Schuh and others on a promissory note. Judgment for plaintiff. Defendants bring error. The Differential Clock Company is an Illinois corporation. It made application to the Michigan securities commission for permission to sell its stock in this State. On May 9, 1917, the commission heard its application, and, acting under the provisions of section 8 of Act No. 46, Pub. Acts 1915 (8 Comp. Laws 1915, § 11952), required the company to deposit in escrow 11,500 shares of its common stock as one of the conditions of…
1Opinion of the CourtFellows, J.
(after stating the facts.) It is insisted by the defendants that the findings of fact above quoted are against the clear weight of the evidence. Unless defendants are correct in this contention we cannot consider the questions ably discussed by counsel in their brief. If the stock in question was deposited in escrow with the securities commission by the defendants themselves or through their attorney and the receipt therefor was turned over to the plaintiff with an agreement between all the parties that he should hold it, together with the balance of the stock, as trustee until the notes were…
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