American Seating Co. v. Bullard

WESTENHAVER, District Judge.

The meritorious questions involved on this appeal pertain to the rights of nonconsenting minority stockholders of a corporation upon a transfer of all the corporate assets by authority of its directors and majority stockholders to another corporation in exchange for stock in the latter corporation. Such facts *898only will be stated as are required to show the questions of law to be determined.

The American School Furniture Company was incorporated under the laws of New Jersey in the year 1899. On April 23/1906, 'it had outstanding mortgage bonds of $1,160,000, and was…