Troup v. Horbach
Nebraska Supreme Court
Appeal from the district court of Gage county. Heard below before Letton, J. The facts are stated by the commissioner. Purchase of stock and payment in property at more than its real value will not enable a creditor giving credit to the corporation with full knowledge of the facts to charge the stockholder with the difference between the real value of the property and the value at which it was taken.
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Appeal from the district court of Gage county. Heard below before Letton, J. The facts are stated by the commissioner. Purchase of stock and payment in property at more than its real value will not enable a creditor giving credit to the corporation with full knowledge of the facts to charge the stockholder with the difference between the real value of the property and the value at which it was taken. (3 Thompson, Corporations sec. 2932; Bank of Fort Madison v. Alden, 129 U. S. 372; Thompson v. Bemis Paper (Jo., 127 Mass. 595; Hospes v. N orthioestern Mfg. é Oar Co., 50 N. W. Rep. [Minn.]…
1Opinion of the Court
Ryan, C.
This appeal was advanced for hearing upon an agreement of parties in compliance with rule 2. (52 Neb. ix.) The action was brought in the district court of Gage county, wherein there were judgments against the several defendants conformably with the prayer of the petition. Plaintiffs, alleged that they were creditors of the Beatrice Rapid Transit & Power- Company in various sums which were described in separate paragraphs, and in many instances were evidenced by judgments against that company. They further alleged that under a decree of the United States circuit court for the eighth…
2Cited by11 opinions
- Davies v. BallWashington Supreme Court · 1911
- Bartley v. StateNebraska Supreme Court · 1898
- Troup v. HorbachNebraska Supreme Court · 1899
- McClure v. Paducah Iron Co.Missouri Court of Appeals · 1901
- Ehlers v. GallagherNebraska Supreme Court · 1946
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