Ferguson v. Venice Transportation Co.
Missouri Court of Appeals
Appeal from the St. Louis City Circuit Court. — Hon. John A. Talty, Judge. “The officers of a corporation can not, against the wishes of its stockholders, or any one of them, sell and transfer the entire property from which it derives its emoluments or which forms the basis of its business operations.” Field v. Roanoke Inv.
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Appeal from the St. Louis City Circuit Court. — Hon. John A. Talty, Judge. “The officers of a corporation can not, against the wishes of its stockholders, or any one of them, sell and transfer the entire property from which it derives its emoluments or which forms the basis of its business operations.” Field v. Roanoke Inv. Co., 123 Mo. 603. The pretended assignment of the debt in question was without authority and void. 2 Cook on Stock and Stockholders and Corporation Law, sec. 716; R. S. Mo. 1889, sec. 2772; Hyde v. Larkin, 35 Mo. App. 365; Chew v. Ellingwood, 86 Mo. 260; "Webb & Co. v.…
1Opinion of the CourtBland, P. J.
The Madison Oar Company, the Venice Transportation Company, the garnishee, and the St. Louis Trust Company, intervener, are all private business corporations. Plaintiffs, in an attachment suit brought against the Madison Car Company, garnished the Venice Transportation *354Company, which in its answer to interrogatories filed, stated that on August 28, 1896, it was indebted to the Madison Car Company in the sum of $1,043.96; that on that day said car company assigned said indebtedness to the St. Louis Trust Company, of which assignment it was notified on the succeeding day; that on September 2,…
2Cases cited27 opinions
- Gannon v. Laclede Gas Light Co.Supreme Court of Missouri · 1898
- Jones v. WilliamsSupreme Court of Missouri · 1897
- Sparks v. Dispatch Transfer Co.Supreme Court of Missouri · 1891
- Ceeder v. H. M. Loud & Sons Lumber Co.Michigan Supreme Court · 1891
- Goodrich v. Reynolds, Wilder & Co.Illinois Supreme Court · 1863
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3Cited by7 opinions
- Cassville Roller Milling Co. v. Aetna InsuranceMissouri Court of Appeals · 1904
- Cann v. Rector of Church of the RedeemerMissouri Court of Appeals · 1905
- Barnard State Bank v. FeslerMissouri Court of Appeals · 1901
- Degnan v. ThoroughmanMissouri Court of Appeals · 1901
- State ex rel. Schroeder v. PerkinsMissouri Court of Appeals · 1901
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