Banks v. Judah
Supreme Court of Connecticut
This was a bill in chancery, stating the following case. In January, 1814, certain persons associated for the purpose of establishing a woolen and cotton manufactory in Norwalk, and entered into written articles for that purpose. In the months of January, February and March of that year, the sum of 42,500 dollars was subscribed, by about twenty persons ; and in February 1815, further subscriptions were added, to the amount of 5,500 dollars.
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This was a bill in chancery, stating the following case. In January, 1814, certain persons associated for the purpose of establishing a woolen and cotton manufactory in Norwalk, and entered into written articles for that purpose. In the months of January, February and March of that year, the sum of 42,500 dollars was subscribed, by about twenty persons ; and in February 1815, further subscriptions were added, to the amount of 5,500 dollars. In October 1814, Ebenezer Jessup and others procured an act of the General Assembly of this state, constituting them and their associates a corporation,…
1Opinion of the CourtWilliams, J.
The plaintiff claims, that the proceedings in this case, by the corporation of which he was a member, are fraudulent and void; and that a court of chancery will aid him in recovering the property which he has lost. That there was no actual fraud in the defendants, is found by the court. Two principal questions then arise: 1. Is the transfer of this property, by the Saugatuck Manufacturing Company, valid? 2. If it is not, will a court of chancery, at this distance of time, and under the circumstances disclosed, lend the plaintiff its aid? These being answered, it will, in my opinion, become…
2Cited by19 opinions
- Newcomb v. BrooksWest Virginia Supreme Court · 1879
- Glotzer v. KeyesSupreme Court of Connecticut · 1939
- Mallory v. Mallory Wheeler Co.Supreme Court of Connecticut · 1891
- Bassett v. City Bank & Trust Co.Supreme Court of Connecticut · 1933
- Nabours v. McCordTexas Supreme Court · 1904
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