Legal Opinion
Commerce Trust Co. v. Chandler
Court of Appeals for the First Circuit
Decided November 3, 1922No. Nos. 1560, 1561PublishedCited by 11 opinions
1Opinion of the Court
ANDERSON, Circuit Judge.
The crucial question in this case is whether the court below was right in holding valid a chattel mortgage given by the Nelson Blower & Furnace Company, a Massachusetts corporation, covering all its corporate assets, tangible and intangible to secure a demand note of $25,000, without authorization or ratification by two-thirds of the stockholders at a meeting duly called for that purpose as provided in St. 1903, c. 437, § 40.
This question turns upon the proper construction of various provisions in this Corporation Act. As noted by the court below, this exact question…
2Cases cited16 opinions
- Westerlund v. Black Bear Mining Co.Court of Appeals for the Eighth Circuit · 1913
- England v. DearbornMassachusetts Supreme Judicial Court · 1886
- Fuller & Co. v. HuntSupreme Court of Iowa · 1878
- Attorney General v. Haverhill Gas Light Co.Massachusetts Supreme Judicial Court · 1913
- Karasik v. People's Trust Co.District Court, E.D. New York · 1917
11 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Commerce Trust Co. v. ChandlerCourt of Appeals for the First Circuit · 1924
- In re E. T. Russell Co.District Court, D. Massachusetts · 1923
- McDonald v. First Nat. Bank of AttleboroCourt of Appeals for the First Circuit · 1934
- Atlas Finance Corp. v. TrocchiMassachusetts Supreme Judicial Court · 1939
- Seibert v. Milton Bradley Co.Massachusetts Supreme Judicial Court · 1980
6 more not listed; retrieve them via the Exa API.