Legal Opinion
Strout v. Cross, Austin & Ireland Lumber Co.
New York Court of Appeals
Decided July 24, 1940PublishedCited by 9 opinions
1Opinion of the CourtLewis, J.
The plaintiff is the owner of a substantial portion of the cumulative preferred stock issued by the defendant upon which, in 1937, there were unpaid accumulated dividends amounting to twenty-two and three-quarters per cent. The defendant then assumed to discharge in full its obligation for such arrearage when it paid a dividend declared to be “ in the amount of $22.75 per share ” of which the media of payment were two-fold — a small portion thereof was paid in cash, the balance was paid by distributing to preferred stockholders income notes issued by two of the defendant’s wholly owned…
2Cases cited8 opinions
- Kent v. . Quicksilver Mining Co.New York Court of Appeals · 1879
- Gould v. . Cayuga County National BankNew York Court of Appeals · 1881
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
- Kley v. . HealyNew York Court of Appeals · 1891
- Bosley v. National MacHine Co.New York Court of Appeals · 1890
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Frank v. Wilson & Co.Supreme Court of Delaware · 1943
- Wiedersum v. Atlantic Cement Products, Inc.Appellate Division of the Supreme Court of the State of New York · 1941
- Sylvander v. TaberNew York Supreme Court · 1959
- Anderson v. International Minerals & Chemical Corp.Appellate Division of the Supreme Court of the State of New York · 1945
- Jay Ronald Co. v. Marshall Mortgage Corp.Appellate Division of the Supreme Court of the State of New York · 1943
4 more not listed; retrieve them via the Exa API.