Walton v. Standard Drilling Co.
South Dakota Supreme Court
Appeal from Circuit Court, Hughes County. Hon. John F. Hughes, Judge. Action by E. T. Walton, against the Standard Drilling 'Com-' pany, a corporation, to compel defendant to record a transfer of some of its corporate stock to him on the corporate boobs. Judgement for defendant, and from an' order denying a ne.w trial, plaintiff appeals.
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Appeal from Circuit Court, Hughes County. Hon. John F. Hughes, Judge. Action by E. T. Walton, against the Standard Drilling 'Com-' pany, a corporation, to compel defendant to record a transfer of some of its corporate stock to him on the corporate boobs. Judgement for defendant, and from an' order denying a ne.w trial, plaintiff appeals. To point one of the opinion, Appellant cited: Sec. 423, -Civ, Code 1903 (Sec. 8775, Code 1919); Sec. 4, Chap. 104, Laws 1907; Anderson et al. v. Scandia Mining Syndicate .'Company et al, 26 S. D. 558; Axford v. Western Syndicate Investment 'Company, 170 N. W.…
1Opinion of the CourtPolley, P. J.
The defendant is a South Dakota corporation. On the 16th day of July, 1920, the president and secretary of defendant, without authority from the board of directors, issued and delivered to one IMacGinnis its stock certificate No. 104 *578for 5,000 shares of the original and unissued capital stock of such corporation. Tire only consideration received or to be received by defendant for such stock was a certain oil lease on 200 acres of land in Texas of the value of $200; 10,000 share of the corporate stock of another corporation of no value at all; and future services to be performed $1,000.…
2Cases cited3 opinions
- Lee v. CameronSupreme Court of Oklahoma · 1917
- Anderson v. Scandia Mining SyndicateSouth Dakota Supreme Court · 1910
- Axford v. Western Syndicate Investment Co.Supreme Court of Minnesota · 1918
3Cited by8 opinions
- Simons v. ThompsonCourt of Appeals for the Sixth Circuit · 1923
- Overlock v. Jerome-Portland Copper Mining Co.Arizona Supreme Court · 1926
- Ettlinger v. CollinsArizona Supreme Court · 1923
- Golden v. Oahe Enterprises, Inc.South Dakota Supreme Court · 1980
- Johnson v. Louisville Trust Co.Court of Appeals for the Sixth Circuit · 1923
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