Iowa Drug Co. v. Souers
Supreme Court of Iowa
Appeal from Polk District Court.— HoN. A. H. McVey, Judge. ActioN in equity to' cancel shares of stock held by the defendant in the plaintiff company. Decree for plaintiff. Defendant appeals. There is also an appeal by plaintiff on the ground that the decree entered in its favor does not give to it the full measure of the relief to which it is entitled. The defendant, having first appealed, will 'be treated as appellant.—
1Opinion of the Court
McClain, J. —
In February or March, 1903, the defendant associated with himself a few other persons in promoting the organization of a wholesale drug company to carry on business in Des Moines, which, as subsequently legally organized, became the plaintiff company. On August 26th following there was a meeting of the board of directors, of the plaintiff company, then duly organized, at which defendant, as president, and directors Brown, Wilcoxen, and Steelsmith were present. At this meeting there were some resignations of officers and directors, and the vacancies thus created were filled, so…
2Cases cited12 opinions
- Scovill v. ThayerSupreme Court of the United States · 1882
- Camden v. StuartSupreme Court of the United States · 1892
- Coit v. Gold Amalgamating Co.Supreme Court of the United States · 1886
- Coleman v. HoweIllinois Supreme Court · 1895
- Hinkley v. Sac Oil & Pipe Line Co.Supreme Court of Iowa · 1906
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- Krensky v. DeSwarteAppellate Court of Illinois · 1948
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