Rich v. Park
Court of Appeals of Texas
Appeal from District Court, McLennan County; Tom L. McCullough, Judge. Action by M. C. H. Park, as trustee, against B. T. Rich and others. From a judgment for plaintiff, defendants appeal.
1Opinion of the Court
Statement of the Case.
RICE, J.
The Rich Dry Goods Company was duly incorporated October 21, 1909, with B. T. Rich, S. D. Stitt, Frank Leahy, and J. S. Thompson as original stockholders therein, Rich for 50 shares at $100 per share, Stitt for 64 shares at $100 per share, and Leahy and Thompson jointly for 36 shares at $100 per share — amounting in the aggregate to $15,000. They constituted the board of directors of said corporation, and claimed to have transferred to said corporation, in full payment for such shares a stock of goods, wares, and merchandise, mercantile notes and accounts,…
2Cases cited49 opinions
- Scovill v. ThayerSupreme Court of the United States · 1882
- Hawkins v. GlennSupreme Court of the United States · 1889
- Converse v. HamiltonSupreme Court of the United States · 1912
- Great Western Telegraph Co. v. PurdySupreme Court of the United States · 1896
- Glenn v. LiggettSupreme Court of the United States · 1890
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