Martin v. South Salem Land Co.
Supreme Court of Virginia
Appeal from two decrees of the Circuit Court of Roanoke county, pronounced January 8, 1894, and September 27, 1894, in the chancery suits hereinafter mentioned. The decrees appealed from were pronounced in six chancery suits heard together. Three of these were in the names of Thomas S. Martin, J. L. Moon, and Pitts & Doirier, respectively, against the South Salem Land Company and others, defendants.
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Appeal from two decrees of the Circuit Court of Roanoke county, pronounced January 8, 1894, and September 27, 1894, in the chancery suits hereinafter mentioned. The decrees appealed from were pronounced in six chancery suits heard together. Three of these were in the names of Thomas S. Martin, J. L. Moon, and Pitts & Doirier, respectively, against the South Salem Land Company and others, defendants. These suits were brought to the September Buies, 1892, lor the purpose of procuring a rescission of the contracts of subscription of the respective complainants to the stock of the South Salem…
1Opinion of the CourtBuchanan, J.
Upon the calling of this appeal the appellants made a motion to remand the cause of the Bank of Salem, &c., against South Salem Land Co., &c. (one of the six causes heard together in which the decrees appealed from were entered), to the trial court with direction to dismiss it. They base their right to have that suit dismissed upon the provisions of an Act of the General Assembly approved December 19, 1895, entitled
“An Act to prescribe the mode by which unpaid subscriptions to joint-stoca: companies may be recovered by said companies, their receivers, or assignee. ”
This Act provides:
“ 1. That…
2Cases cited16 opinions
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