Minnesota Title Insurance & Trust Co. v. Regan
Supreme Court of Minnesota
Action in the district court for Hennepin county by plaintiff, as judgment creditor of Fisher Specialty Manufacturing Company, a corporation, in behalf of itself and other creditors, against the corporation and its stockholders to recover upon their statutory liability. From an order, Johnson, J., overruling their demurrer to the complaint, certain stockholders appealed.
1Opinion of the CourtBuck, J.
This case comes before this court upon demurrer to the complaint, and the question presented is whether the defendant Fisher Specialty Manufacturing Company is, under the constitution (article 10, § 3), a corporation organized exclusively for the purpose of carrying on any kind of manufacturing business. The particular clause of the articles of incorporation of the company reads as follows:
“The general nature of the business of said corporation shall be to manufacture, sell, use and lease machinery and manufactured articles, and, incidental thereto, to buy, own, sell, lease, or otherwise…
2Cases cited2 opinions
- St. Paul Barrel Co. v. Minneapolis Distilling Co.Supreme Court of Minnesota · 1895
- Commercial Bank v. Azotine Manufacturing Co.Supreme Court of Minnesota · 1896
3Cited by4 opinions
- Merchants' National Bank of St. Paul v. Minnesota Thresher Manufacturing Co.Supreme Court of Minnesota · 1903
- Carnegie Dock & Fuel Co. v. Kensington Mills, Inc.Supreme Court of Minnesota · 1922
- Carnegie Dock & Fuel Co. v. Kensington Mills, Inc.Supreme Court of Minnesota · 1922
- Goddard v. JostSupreme Court of Minnesota · 1917