Barrows v. Natchaug Silk Co.
Supreme Court of Connecticut
Application by a creditor for the allowance of a claim against the defendant corporation in the hands of a receiver, brought to the Superior Court of Windham County and tried to the court, Boraback, J.; facts found and judgment rendered disallowing the claim, and appeal by the applicant for alleged errors in the rulings of the court.
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Application by a creditor for the allowance of a claim against the defendant corporation in the hands of a receiver, brought to the Superior Court of Windham County and tried to the court, Boraback, J.; facts found and judgment rendered disallowing the claim, and appeal by the applicant for alleged errors in the rulings of the court. Upon the plaintiff’s complaint the Superior Court appointed a receiver for the Natchaug Silk Company, a corporation formed under the joint stock laws of this S tate. In the progress of the settlement of the affairs of that corporation, Chauncey Gr. Bevin…
1Opinion of the CourtAndrews, C. J.
In this proceeding Mr. Bevin sought to take out of the assets of the Natchaug Silk Company the amount he paid for certain of its shares, upon the claim that the shares issued to him were issued under such circumstances that no obligation rests on him to pay for them. Indeed, his claim is that neither the corporation, nor its creditors represented by the receiver, have any demand against him therefor, but that on the contrary they are liable to him for the amount he paid for. the shares, less such dividends as he has received.
The stock of a corporation which is being wound up by insolvency…
2Cases cited7 opinions
- Whitney v. WymanSupreme Court of the United States · 1880
- Town of Derby v. AllingSupreme Court of Connecticut · 1873
- Railway Company v. AllertonSupreme Court of the United States · 1874
- Stanton v. New York & Eastern Railway Co.Supreme Court of Connecticut · 1890
- Johnston v. AllisSupreme Court of Connecticut · 1898
2 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Mitchell v. Mitchell, Woodbury Co.Massachusetts Supreme Judicial Court · 1928
- Taylor v. Lounsbury-Soule Co.Supreme Court of Connecticut · 1927
- Security Equities v. GiambaSupreme Court of Connecticut · 1989
- Goldman v. CoppolaSupreme Court of Connecticut · 1962
- Rosoff v. Gilbert Transp. Co.District Court, D. Connecticut · 1915
1 more not listed; retrieve them via the Exa API.