Wrightsville Hardware Co. v. McElroy
Supreme Court of Pennsylvania
Appeal, No. 166, Jan. T., 1916, by plaintiff, from decree of C. P. York Co., April T., 1915, No. 1, dismissing bill in equity for cancellation of certain bonds in case of Wrightsville Hardware Company y. Harry McElroy and Howard L. Keller, Executors of the Last Will and Testament of Henry McElroy, Deceased, Henry Birnstock and Harry McElroy, Individually. Bill in equity for the cancellation of certain corporate bonds.
Read the full summary
Appeal, No. 166, Jan. T., 1916, by plaintiff, from decree of C. P. York Co., April T., 1915, No. 1, dismissing bill in equity for cancellation of certain bonds in case of Wrightsville Hardware Company y. Harry McElroy and Howard L. Keller, Executors of the Last Will and Testament of Henry McElroy, Deceased, Henry Birnstock and Harry McElroy, Individually. Bill in equity for the cancellation of certain corporate bonds. Before Wanner, P. J. The facts, appear by the opinion of the Supreme Court. The lower court dismissed the bill. ' Plaintiffs appealed. Error assigned, among others, was in…
1Opinion of the Court
Opinion bx
Mr. Chief Justice Brown,
The Wrightsville Hardware Company is a Pennsylvania corporation, engaged in the manufacture of hardware at Wrightsville, this State. Henry McElroy, Henry Birnstock and Harry McElroy, who owned a majority of its capital stock, sold the same in November, 1906, to the National Novelty Corporation, a New Jersey corporation, and thereafter they held none of the stock of the hardware company, and never participated in any way in the management of its affairs. For each share of stock they sold to the National Novelty Corporation they received $10 in cash, $20 in…
2Cases cited9 opinions
- Pittsburg v. GoshornSupreme Court of Pennsylvania · 1911
- Hartzell v. Ebbvale Mining Co.Supreme Court of Pennsylvania · 1913
- Wright v. Pipe Line Co.Supreme Court of Pennsylvania · 1882
- Hughes v. First National BankSupreme Court of Pennsylvania · 1885
- Pannebaker v. Tuscarora Valley RailroadSupreme Court of Pennsylvania · 1907
4 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Cameron v. ChristySupreme Court of Pennsylvania · 1926
- Zweifach v. SCRANTON LACE COMPANYDistrict Court, M.D. Pennsylvania · 1957
- In re Mifflinburg Body Co.Court of Appeals for the Third Circuit · 1942
- In re Mifflinburg Body Co.District Court, M.D. Pennsylvania · 1941
- Massey v. Bohn, Pennsylvania Court of Common Pleas, Berks County1923