Legal Opinion

Park v. Rich

Texas Commission of Appeals

Decided June 11, 1919No. 86-2888PublishedCited by 5 opinions

Error to Court of Civil Appeals of Third Supreme Judicial District. Action by M. C. H. Park, trustee in bankruptcy, against B. T. Rich and others. Judgment for plaintiff was reversed and remanded by Court of Civil Appeals (177 S. W. 184), and plaintiff brings error.

1Opinion of the CourtSadder, J.

B. T. Rich, S. B. Stitt, Frank Leahy, and Joe S. Thompson organized the Rich Dry Goods Company with a capital stock of $15,000, and procured a charter from the state October 21, 1909.

The subscriptions for the stock were made as follows: Rich, 50 shares; Stitt, 64 shares; and Leahy, for himself and Thompson jointly, 86 shares. The shares were of the par value of $100 per share.

In the application for the charter Rich, ■Stitt, and Leahy made affidavit that the capital stock was fully subscribed and paid up. Payments were set forth as follows: Rich, $3,860 in goods, wares, and merchandise, and…

2Cases cited1 opinion

  1. Rich v. ParkCourt of Appeals of Texas · 1915

3Cited by5 opinions

  1. Thomason v. MillerCourt of Appeals of Texas · 1928
  2. Dysart v. FlemisterCourt of Appeals of Texas · 1940
  3. Brooks v. BuysMichigan Supreme Court · 1922
  4. McAlister v. Eclipse Oil Co.Court of Appeals of Texas · 1935
  5. McAlister v. Eclipse Oil Co.Court of Appeals of Texas · 1936

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