Shugart v. Maytag
Supreme Court of Iowa
Appeal from Jasper District Court. — K. E. Willcockson, Judge. Suit in equity by a creditor of a South Dakota corporation against certain stockholders, who, it is alleged, have paid only a portion of the face value of the stock held by them. There was judgment and decree in the court below in favor of plaintiff. Defendants appeal.
1Opinion of the CourtStevens, J.
l. corporations: creditor's ac-unpaid install-maturity. stock": The South Dakota Central Railway Company is a corporation, organized under the laws of South Dakota, with its principal place of business at Sioux Falls, in that state. Plaintiff, in 1914, performed services therefor, for which there was, on December 1, 1914, due and owing him the sum 124,708.46. After the completion of the services for which he was employed, the railway company went into the hands of a receiver, and all of its assets were sold on execution in favor of the bondholders. All defendants admit that plaintiff rendered…
2Cases cited30 opinions
- Memphis & Little Rock Railroad v. DowSupreme Court of the United States · 1887
- Webster v. UptonSupreme Court of the United States · 1876
- Washer v. SmyerTexas Supreme Court · 1919
- Parmelee v. PriceIllinois Supreme Court · 1904
- Lipscomb's Adm'r v. CondonWest Virginia Supreme Court · 1904
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3Cited by7 opinions
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- Gray Construction Co. v. HydeSouth Dakota Supreme Court · 1926
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