Minnehaha Driving Park Ass'n v. Legg
Supreme Court of Minnesota
Appeal by defendant, Harry F. Legg, from a judgment of the Municipal Court of the City of Minneapolis, Elliot, J., entered against him January 30, 1892, for $150.17. On April 20, 1888, defendant and others subscribed for and severally agreed with the plaintiff, the Minnehaha Driving Park Association of Minneapolis, to take the number of shares of its stock set opposite their names respectively, and to pay for them in installments as called for by the board of directors.
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Appeal by defendant, Harry F. Legg, from a judgment of the Municipal Court of the City of Minneapolis, Elliot, J., entered against him January 30, 1892, for $150.17. On April 20, 1888, defendant and others subscribed for and severally agreed with the plaintiff, the Minnehaha Driving Park Association of Minneapolis, to take the number of shares of its stock set opposite their names respectively, and to pay for them in installments as called for by the board of directors. The defendant set opposite his name five shares of $50 each. The board made calls to the amount of seventy per cent., a part…
1Opinion of the CourtDickinson, J.
The defendant subscribed for and received some shares of stock in the plaintiff corporation. This is an action to recover unpaid installments of the purchase price. The plaintiff recovered judgment on the findings of the court, and the defendant appealed therefrom. The only subject requiring consideration is whether the plaintiff is barred from pursuing this remedy by reason of the stock having been forfeited or canceled. The court did not find that there had been any forfeiture or cancellation of the defendant’s stock, but it is claimed that the court erred in refusing to so find. But we…
2Cases cited1 opinion
- United States Savings, Loan & Building Co. v. AhrensSupreme Court of Minnesota · 1892
3Cited by1 opinion
- Henkel v. Pioneer Savings & Loan Co.Supreme Court of Minnesota · 1895