Singer, Nimick & Co. v. Carpenter
Illinois Supreme Court
Appeal from the Appellate Court for the Second District;— heard in that court on appeal from the Circuit Court of Winnebago county; the Hon. William Brown, Judge, presiding.
1Opinion of the CourtJustice Scholfield
The members of a firm which had for many years been engaged in the manufacture of agricultural implements, agreed with each other, and with some other parties, to form a corporation to carry on the same business. The firm owned and used in its business both real and personal property, and it was agreed by those agreeing to form the corporation, that this property should be transferred to the corporation, and that in payment for it the corporation should deliver to each partner a given amount of its shares of stock. The firm was at the time indebted, but it was not known by the partners that…
2Cases cited3 opinions
- Allen v. Center Valley Co.Supreme Court of Connecticut · 1851
- Hapgood v. CornwellIllinois Supreme Court · 1868
- Kelly v. KendallIllinois Supreme Court · 1886
3Cited by8 opinions
- Cross v. Weare Commission Co.Illinois Supreme Court · 1894
- Murphy v. JohnsonCourt of Appeals of Texas · 1969
- Camp v. CommissionerUnited States Board of Tax Appeals · 1930
- Wallace v. SteagallAppellate Court of Illinois · 1894
- Camp v. CommissionerUnited States Board of Tax Appeals · 1930
3 more not listed; retrieve them via the Exa API.