Legal Opinion
In re Stone-Moore-West Co.
District Court, N.D. Georgia
Decided October 16, 1923No. 8988PublishedCited by 4 opinions
1Opinion of the Court
SIBEEY, District Judge.
Three partners, Stone, Moore, and West, organized a corporation; they being the only subscribers to its stock, and its officers. The corporation took over the entire partnership assets. At the initial corporate meeting a statement of the assets and liabilities of the partnership was presented, showing a net worth of about $3,000, and also a statement of the condition of the corporation after the taking, in which the item of net worth was substantially absorbed in two items of capital stock, $1,500, and surplus $1,501. Among the partnership liabilities was a sum of…
2Cases cited3 opinions
- Culberson v. Alabama Construction Co.Supreme Court of Georgia · 1907
- Georgia Co. v. CastleberrySupreme Court of Georgia · 1871
- Greenberg-Miller Co. v. Everett Shoe Co.Supreme Court of Georgia · 1912
3Cited by4 opinions
- Wilson v. LagasseLouisiana Court of Appeal · 1930
- Carter v. BogdenCourt of Appeals for the Eighth Circuit · 1926
- In Re Johnson-Hart Co.District Court, D. Minnesota · 1929
- Marston v. Downing Co.Court of Appeals for the Fifth Circuit · 1934