Legal Opinion
Bowker v. Nashua Textile Co.
Supreme Court of New Hampshire
Decided April 4, 1961No. 4909PublishedCited by 4 opinions
1Opinion of the CourtDuncan, J.
The affirmative action of better than seventy per cent of all the stockholders of the corporation authorizing liquidation and dissolution of the corporation was sufficient to comply with the statute (ESA 294:40, 41) and if taken in good faith afforded the minority stockholders no ground for complaint. Bowditch v. Jackson Company, 76 N. H. 351; Second Nat. Bank v. Bank, 84 N. H. 342. See Fontheim v. Walker, 282 App. Div. (N. Y.) 373, aff’d 306 N. Y. 926; 6A Fletcher, Cyc. Corporations (Rev. Vol. 1950) s. 2947, pp. 692, 693; 13 Id., (Rev. Vol. 1961) s. 5797, pp. 129, 130.
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2Cases cited14 opinions
- Foster v. Mansfield, Coldwater & Lake Michigan RailroadSupreme Court of the United States · 1892
- Babcock v. FarwellIllinois Supreme Court · 1910
- Bailey v. JacobsSupreme Court of Pennsylvania · 1936
- Durfee v. Durfee & Canning, Inc.Massachusetts Supreme Judicial Court · 1948
- Samia v. Central Oil Co. of WorcesterMassachusetts Supreme Judicial Court · 1959
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3Cited by4 opinions
- McElroy ex rel. Action Manufacturing Co. v. GaffneySupreme Court of New Hampshire · 1987
- Norte & Company v. HuffinesDistrict Court, S.D. New York · 1968
- Lash v. Lash Furniture Company of Barre, Inc.Supreme Court of Vermont · 1972
- Bricker v. New Hampshire Medical SocietySupreme Court of New Hampshire · 1970