Handley v. Stutz
Supreme Court of the United States
APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE MIDDLE DISTRICT OF TENNESSEE. Tuts was a bill in equity, filed February 8, 1889, in the Circuit Court of the' United States for the Middle District of Tennessee, by citizens of Pennsylvania, of Indiana and of Ohio, judgment creditors of the Clifton Coal Company, in behalf of themselves and all other creditors who should come in and contribute to. the expenses of the suit, against that corporation, which was a…
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APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE MIDDLE DISTRICT OF TENNESSEE. Tuts was a bill in equity, filed February 8, 1889, in the Circuit Court of the' United States for the Middle District of Tennessee, by citizens of Pennsylvania, of Indiana and of Ohio, judgment creditors of the Clifton Coal Company, in behalf of themselves and all other creditors who should come in and contribute to. the expenses of the suit, against that corporation, which was a Kentucky corporation, whose chief officers resided in Tennessee, and against sixteen individuals, alleging that they were…
1Opinion of the CourtJustice Gray
This is a bill in equity by some, in behalf of all, of the creditors of a corporation, against the corporation and holders of stock therein. The bill is not founded upon any direct liability of the stockholders to the plaintiffs; but upon the theory that, the corporation being insolvent and having no other assets, the sums due to it from the stockholders on their unpaid subscriptions to stock ought to be paid by them to the corporation as a. trust fund tó be distributed among the .plaintiffs and all other creditors of the corporation, so far as required to satisfy their just claims, and that,…
2Cases cited5 opinions
- Sawyer v. HoagSupreme Court of the United States · 1873
- Johnson v. WatersSupreme Court of the United States · 1884
- Hatch v. DanaSupreme Court of the United States · 1880
- Gibson v. ShufeldtSupreme Court of the United States · 1887
- Patterson v. LyndeSupreme Court of the United States · 1883
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- In the Matter of American Reserve Corporation, Debtor. Appeal of Clear and Doris Elaine HuddlestonCourt of Appeals for the Seventh Circuit · 1988
- Clay v. FieldSupreme Court of the United States · 1891
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