Fisher v. Patton
Supreme Court of Missouri
Appeal from, Bay Circuit Court. — Hon. E. J. Broaddus, Judge. (1) Stockholders may protect their individual rights in eorpprate property, and prevent by equitable action unauthorized acts of officers, the issuing of shares, misappropriation of funds^-in fact any departure from the chartered purposes of the corporation. R’y v. Collins, 40 Gra. 582; Kemp v. Mining Co., 78 N. Y. 159; Chetlain v. Insurance Co., 86' Ill. 220; Terwilligerv. Co., 59 Ill. 249. 10 Am. and Eng.
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Appeal from, Bay Circuit Court. — Hon. E. J. Broaddus, Judge. (1) Stockholders may protect their individual rights in eorpprate property, and prevent by equitable action unauthorized acts of officers, the issuing of shares, misappropriation of funds^-in fact any departure from the chartered purposes of the corporation. R’y v. Collins, 40 Gra. 582; Kemp v. Mining Co., 78 N. Y. 159; Chetlain v. Insurance Co., 86' Ill. 220; Terwilligerv. Co., 59 Ill. 249. 10 Am. and Eng. Encyclopedia of Law, sec. 41, at page 953, and authorities cited in footnote “a.” (2) A stockholder is entitled to restrain…
1Opinion of the Court
DIVISION ONE.
Robinson, J.
This is a proceeding in equity upon the following bill:
“Plaintiff, for his amended statement of cause of action, states: That the Richmond Building and Loan Association, one of the defendants herein, was incorporated under the laws of the state of Missouri, article 9, entitled ‘Mutual Fund, Loan and Building Associations,’ Revised Statutes, 1879, in the month of October, A. D. 1886, and has ever since its organization been transacting business in Ray county, Missouri; that W. C. Patton, Jas. A. Davis, William Bernard, Jas. E. Ball, John W. Shotwell, Jr., W. W.'Brown,…
2Cited by13 opinions
- City of Springfield ex rel. Central National Bank v. WeaverSupreme Court of Missouri · 1897
- Bertche v. Equitable Loan & Investment Ass'nSupreme Court of Missouri · 1898
- Schmidt v. Supreme Court United Order of ForestersSupreme Court of Missouri · 1910
- State Ex Rel. Allai v. ThatchSupreme Court of Missouri · 1950
- State v. HuntSupreme Court of Missouri · 1897
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