Potter v. Victor Page Motors Corp.

THOMAS, District Judge.

The case is here on defendant’s motion to dismiss a bill brought by minority stockholders in a foreign corporation, praying for the usual equitable relief and the appointment of a receiver over all its assets within this jurisdiction.

The material allegations of the bill are that the corporation was organized for the purpose of manufacturing automobiles with air-cooled motors, with a capital stock of 5,000,000 shares, of the par-value of $1 each,- all of which was issued to its president, Victor W. Page, in return for certain intangible assets, including patents and…