Laredo Imp. Co. v. Stevenson
Court of Appeals for the Eighth Circuit
In Error to the Circuit Court of the. United States for the Eastern District of Missouri. This was an action by the Laredo Improvement Company, to the use of E. R. Tarver, receiver, and E. R. Tarver, receiver of the Laredo Improvement Company, against William EL Stevenson, to recover the amount of unpaid subscriptions to the stock of the corporation. The circuit court directed a verdict and judgment for the defendant. Plaintiff brings error.
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In Error to the Circuit Court of the. United States for the Eastern District of Missouri. This was an action by the Laredo Improvement Company, to the use of E. R. Tarver, receiver, and E. R. Tarver, receiver of the Laredo Improvement Company, against William EL Stevenson, to recover the amount of unpaid subscriptions to the stock of the corporation. The circuit court directed a verdict and judgment for the defendant. Plaintiff brings error. E. R. Tarver, the plaintiff in error, as receiver of the Laredo Improvement. Oompany, an insolvent corporation, brought this action in the court below…
1Opinion of the CourtSanborn, Circuit Judge
Counsel for plaintiff in error argue that the ruling of the court below was erroneous on. three grounds, viz.: (1) Because the limitation of their power to increase their capital stock imposed upon corporations by article 570, supra, was removed by the provisions of article 573, supra, which allows corporations to amend their articles without restriction; (2) because the defendant is estopped by voting his stock, and by the representations of the officers of the company that the capital had been increased to §1,200,000, from now asserting, against creditors of the corporation, that his stock…
2Cases cited24 opinions
- Pennoyer v. NeffSupreme Court of the United States · 1878
- Upton v. TribilcockSupreme Court of the United States · 1875
- Scovill v. ThayerSupreme Court of the United States · 1882
- Handley v. StutzSupreme Court of the United States · 1891
- Claiborne County v. BrooksSupreme Court of the United States · 1884
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3Cited by3 opinions
- John W. Cooney Co. v. Arlington Hotel Co.Court of Chancery of Delaware · 1917
- Randall v. MickleSupreme Court of Florida · 1931
- Latimer v. BardU.S. Circuit Court for the District of Western Missouri · 1896