Commercial Bank v. Azotine Manufacturing Co.
Supreme Court of Minnesota
Action in the district court for Ramsey county, under G-. S. 1878, c. 76, in which judgment was entered sequestrating the property of defendant corporation, and adjudging the amount due plaintiff. Plaintiff assigned its claim and judgment to the Anchor Investment Company, which filed a complaint as intervenor, praying for enforcement of the liability of defendant’s stockholders, who were brought in as parties defendant.
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Action in the district court for Ramsey county, under G-. S. 1878, c. 76, in which judgment was entered sequestrating the property of defendant corporation, and adjudging the amount due plaintiff. Plaintiff assigned its claim and judgment to the Anchor Investment Company, which filed a complaint as intervenor, praying for enforcement of the liability of defendant’s stockholders, who were brought in as parties defendant. The case was tried before Otis, J., who ordered judgment against defendant stockholders. From orders denying motions for a new trial, certain stockholders appealed.
1Opinion of the CourtCollins, J.
1. According to its articles, the nature of the business for which defendant Azotine Company was organized was “to *414manufacture and deal in azotine and other fertilizing materials, grease and stearin.” The assignments of error which challenge the correctness of the holding below, that this company was not organized for the purpose of carrying on a manufacturing business exclusively, are not well taken. St. Paul Barrel Co. v. Minneapolis Distilling Co., 62 Minn. 448, 64 N. W. 1143, and cases cited; Anderson v. Anderson Iron Co., 65 Minn. 281, 68 N. W. 49. Its stockholders are not within the…
2Cases cited2 opinions
- Anderson v. Anderson Iron Co.Supreme Court of Minnesota · 1896
- St. Paul Barrel Co. v. Minneapolis Distilling Co.Supreme Court of Minnesota · 1895
3Cited by6 opinions
- Rehbein v. RahrWisconsin Supreme Court · 1901
- Merchants' National Bank of St. Paul v. Minnesota Thresher Manufacturing Co.Supreme Court of Minnesota · 1903
- Minnesota Title Insurance & Trust Co. v. ReganSupreme Court of Minnesota · 1898
- Carnegie Dock & Fuel Co. v. Kensington Mills, Inc.Supreme Court of Minnesota · 1922
- Commercial Bank of St. Paul v. Azotine Manufacturing Co.Supreme Court of Minnesota · 1897
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