Rogers v. Guaranty Trust Co. of New York

On the ground that.the suits involved the internal affairs of a foreign corporation, the court below declined to assume jurisdiction and dismissed the complaints “without prejudice to the enforcement of the rights of the plaintiff, if any, in the courts of New Jersey.” The decision of this court has affirmed that decree, but has also, if I correctly understand it, undertaken to construe the New Jersey statute and to decide upon the merits that the stock in controversy was validly issued. From this conclusion I dissent.

The New Jersey statute (chapter 175, p. 354, Laws 1920 [Comp. St. Supp. N.…