Boyette v. Preston Motors Corporation
Supreme Court of Alabama
Appeal from Circuit Court, Jefferson County ; Hugh A. Locke, Judge. Bill by I. E. Boyette against the Preston Motors Corporation, and certain individuals composing the officers and directors, to require the issuance by them to complainant of stock in said corporation or to pay an amount of money equal to the par value of the same. Erom a decree dismissing the bill, complainant appeals.
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Appeal from Circuit Court, Jefferson County ; Hugh A. Locke, Judge. Bill by I. E. Boyette against the Preston Motors Corporation, and certain individuals composing the officers and directors, to require the issuance by them to complainant of stock in said corporation or to pay an amount of money equal to the par value of the same. Erom a decree dismissing the bill, complainant appeals. The relief sought does not involve the exercise of visitorial powers over the internal affairs of a foreign corporation. 77 Yt. 420-, 60 Atl. 971; 59 Minn. 332, 61 N. W. 324, 50 Am. St. Rep. 407. The courts of…
1Opinion of the CourtThomas, J.
The bill, by a shareholder of the Preston Motor Car Company, was against the Preston Motors Corporation and certain individuals averred to be the officers and several of the directors of defendant corporation, to compel the issuance of stock to complainant in the latter corporation to the amount indicated, or an amount equal to the par value of stock held by plaintiff in the first named company.
It is averred that the Preston “Motor Car Company” was organized (does not state where incorporated) for the purpose of manufacturing and selling automobiles; that plans and specifications of cars…
2Cases cited44 opinions
- Bank of Augusta v. EarleSupreme Court of the United States · 1839
- The Lafayette Ins. Co. v. FRENCHSupreme Court of the United States · 1856
- Shaw v. Quincy Mining Co.Supreme Court of the United States · 1892
- Western Union Telegraph Co. v. Kansas Ex Rel. ColemanSupreme Court of the United States · 1910
- Railroad Co. v. KoontzSupreme Court of the United States · 1881
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3Cited by20 opinions
- Elster v. American Airlines, Inc.Court of Chancery of Delaware · 1953
- Elster v. American AirlinesCourt of Chancery of Delaware · 1953
- Hoglan v. MooreSupreme Court of Alabama · 1929
- Fuller v. OstruskeWashington Supreme Court · 1956
- Graeser v. Phoenix Finance Co.Supreme Court of Iowa · 1934
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