Ludden & Bates v. Watt
Alabama Court of Appeals
Appeal from Circuit Court, Lowndes County; A. E. Gamble, Judge. . Action by Lucy Watt as administratrix of the estate of C. T. Watt, deceased, against Ludden & Bates, a corporation. From a judgment for plaintiff defendant appeals.
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Appeal from Circuit Court, Lowndes County; A. E. Gamble, Judge. . Action by Lucy Watt as administratrix of the estate of C. T. Watt, deceased, against Ludden & Bates, a corporation. From a judgment for plaintiff defendant appeals. The bill of exceptions shows the following: “Mr. C. E. Clower, a witness for the defendant, testified as follows: That he is treasurer and bookkeeper for the defendant in this cause, and that he has no financial interest in the re-spit of this suit, and that if said suit was won or lost it would not result in any change of his status with the company. “The attorney…
1Opinion of the CourtMerritt, J.
[1] A stockholder is one who appears on the books of a corporation as owner of shares, and is therefore entitled to a voice in the management of its affairs, and is burdened with liabilities incident to that relation, which can only be thrown off by transferring the stock. In re Argus Printing Co., 1 N. D. 434, 48 N. W. 347, 12 L. R A. 781, 26 Am. St. Rep. 639.
[2] The witness Clower admitted that he was a stockholder in defendant corporation, but sought to place himself outside of the rule laid down in section 4007 of the Code, by declaring that he had no pecuniary interest in the suit, that…
2Cases cited6 opinions
- McCormick v. BadhamSupreme Court of Alabama · 1919
- In re the Election of Directors of the Argus Printing Co.North Dakota Supreme Court · 1891
- Martin v. MassieSupreme Court of Alabama · 1900
- Moundville Lumber Co. v. WarrenSupreme Court of Alabama · 1919
- Buye v. Alabama Marble QuarriesSupreme Court of Alabama · 1917
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Hendrix, Mohr & Yardley, Inc. v. City of DaphneSupreme Court of Alabama · 1978
- State v. Superior Oil Corp.Superior Court of Delaware · 1940
- Nelson Weaver Mortgage Co. v. Dover Elevator Co.Supreme Court of Alabama · 1968
- White v. JacksonAlabama Court of Appeals · 1953
- Lee v. Riefler & Sons, Inc.District Court, M.D. Pennsylvania · 1930