American Steel & Wire Co. v. Eddy
Michigan Supreme Court
Error to Bay; Shepard, J. Petition by the American Steel & Wire Company, a judgment creditor of the Miller Hardware Company, against Selwyn Eddy, to enforce stockholder’s liability. There was judgment for defendant, and plaintiff brings error.
1Opinion of the CourtHooker, J.
The Miller Hardware Company, a corporation, began business in Bay City on February 17, 1894; being organized by the stockholders of a corporation, theretofore existing, named W. H. Miller & Co., for the purpose of succeeding to the business of the latter. Its authorized capital was $70,000. On the day of its organization its stockholders’ meeting adopted á resolution to purchase all of the assets and good will of W. H. Miller & Co., and to assume all of its liabilities, upon its guaranty that said assets should net to it (the Miller Hardware Company) at least $70,000 over and above the debts…
2Cases cited9 opinions
- Finn v. BrownSupreme Court of the United States · 1891
- Baines v. BabcockCalifornia Supreme Court · 1892
- Morrison v. SempleSupreme Court of Pennsylvania · 1813
- American Steel & Wire Co. v. EddyMichigan Supreme Court · 1902
- Grant v. RossCourt of Appeals of Kentucky · 1896
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3Cited by6 opinions
- Spencer v. SmithCourt of Appeals for the Eighth Circuit · 1912
- Ellsworth v. LyonsCourt of Appeals for the Sixth Circuit · 1910
- Mackall v. PocockSupreme Court of Minnesota · 1917
- Vogtman v. Merchants Mortgage & Credit Co.Court of Chancery of Delaware · 1935
- Brooks v. BuysMichigan Supreme Court · 1922
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