Hayes v. Jasper Land Co.
Supreme Court of Alabama
Appeal from Walker Chancery Court. Heard before Hon. A. H. Benners. No demand on the board of directors or stockholders was necessary under the facts alleged. — Montgomery Traction Oo. v. Harmon, 140 Ala. 585; Montgomrey Light Go. v. Lahey, 121 Ala. 131. Payment of the money taken or giving security therefor is no answer to the demand for a receiver. — Morris v. Elyton Land Go., 125 Ala. 26. Verification of the answer by Musgrove is wholly insufficient.and of no probative…
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Appeal from Walker Chancery Court. Heard before Hon. A. H. Benners. No demand on the board of directors or stockholders was necessary under the facts alleged. — Montgomery Traction Oo. v. Harmon, 140 Ala. 585; Montgomrey Light Go. v. Lahey, 121 Ala. 131. Payment of the money taken or giving security therefor is no answer to the demand for a receiver. — Morris v. Elyton Land Go., 125 Ala. 26. Verification of the answer by Musgrove is wholly insufficient.and of no probative value. — Burgess v. Martin, 111 Ala. 656; MoKissick v. Voorhees, 119 Ala. 101; Schlisher v. Brock, 124 Ala. 626; Heihans…
1Opinion of the CourtDowdell, J.
The bill in this case.is by a minority stockholder, and in which the corporation and its president are made respondents. The purpose of the bill is to. require an. accounting by the respondent■ Mqsgrove, the president of the corporation, for certain alleged dealings and transactions by him as such officer, and the bill also prays for the appointment of a receiver for the respondent corporation, and is accompanied by.a petition to the chancellor for such appointment. On the hearing of this petition the chancellor refused to ap*343point a receiver, and it is. from this order refusing to appoint…
2Cases cited15 opinions
- Bank of Florence v. United States Savings & Loan Co.Supreme Court of Alabama · 1893
- Ashurst v. Lehman, Durr & Co.Supreme Court of Alabama · 1888
- Briarfield Iron Works Co. v. FosterSupreme Court of Alabama · 1875
- Randle v. CarterSupreme Court of Alabama · 1878
- Thompson v. Tower Manufacturing Co.Supreme Court of Alabama · 1888
10 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Belcher v. Birmingham Trust National BankDistrict Court, N.D. Alabama · 1968
- A. G. Col Co. v. Superior CourtCalifornia Supreme Court · 1925
- Gypsy Oil Co. v. SchonwaldSupreme Court of Oklahoma · 1924
- Henry v. IdeSupreme Court of Alabama · 1922
- Gettinger v. HeaneySupreme Court of Alabama · 1930
14 more not listed; retrieve them via the Exa API.