Schilling & Schneider Brewing Co. v. Schneider
Supreme Court of Missouri
Appeal from St. Louis City Circuit Court. — Hon. Jas. E. Withrow, Judge. (1) The court erred in finding that plaintiff corporation had no interest in or* 1 right to the stock in question or proceeds thereof. (2) The court erred in sustaining the contract as between Schilling and Schneider to the effect that the stock in question should be paid for out of the earnings and assets of the plaintiff corporation and become their private property.
Read the full summary
Appeal from St. Louis City Circuit Court. — Hon. Jas. E. Withrow, Judge. (1) The court erred in finding that plaintiff corporation had no interest in or* 1 right to the stock in question or proceeds thereof. (2) The court erred in sustaining the contract as between Schilling and Schneider to the effect that the stock in question should be paid for out of the earnings and assets of the plaintiff corporation and become their private property. (3) Directors and officers of corporations occupy positions of trust, and will not be allowed to deal with the corporation’s funds and property for their…
1Opinion of the CourtBlack, J.
This is a controversy over two hundred and one shares of stock in the Schilling & Schneider Brewing Company. The real plaintiffs in interest represent the Schilling estate, and the defendants represent the Schneider estate.
The facts are these:
*87The Koch & Schilling Brewing Company was a corporation under the laws of this state, with a capital stock of $50,000, divided into five hundred shares, all owned by Geo. Schilling, Charles F. Schneider and Mrs. Koch. Schneider was the active business manager and Schilling the brewer. For some reason, not disclosed, Schneider was not elected a director at…
2Cited by8 opinions
- Home Fire Insurance v. BarberNebraska Supreme Court · 1903
- Matthews v. Headley Chocolate Co.Court of Appeals of Maryland · 1917
- Farwell v. Babcock, AdministratrixCourt of Appeals of Texas · 1901
- Feld v. Roanoke Investment Co.Supreme Court of Missouri · 1894
- Thomsen v. OlsonWisconsin Supreme Court · 1935
3 more not listed; retrieve them via the Exa API.