Turner v. Goetz

The following opinion was filed June 3, 1924:

Rosenberry, J.

There is really but one question to be determined upon this appeal, as it appears almost without dispute that the capital of the corporation was at the time of the making of the contract impaired, and that is, Is -the right *510of the corporation to make a contract for the purchase of its stock to be determined under the laws of the state of Wisconsin, the place where the contract was. made, or under the laws of the state of Delaware, the state of its creation?

Sec. 19 of art. I of the Delaware general corporation law (Rev. Code 1915, §…