Rossing v. State Bank
Supreme Court of Iowa
Appeal from HmibolM District Court. — N. J. Lee, Judge. This is a suit in equity, in which the plaintiffs, who were stockholders in the defendant the State Bank of Bode, complain of the dissolution of that bank, the sale of its assets, and the formation of the defendant State Savings Bank of Bode, asserting that all these things should be held fraudulent as to plaintiffs, and praying, among other things, that plaintiffs should be given such interest in the new bank as they…
Read the full summary
Appeal from HmibolM District Court. — N. J. Lee, Judge. This is a suit in equity, in which the plaintiffs, who were stockholders in the defendant the State Bank of Bode, complain of the dissolution of that bank, the sale of its assets, and the formation of the defendant State Savings Bank of Bode, asserting that all these things should be held fraudulent as to plaintiffs, and praying, among other things, that plaintiffs should be given such interest in the new bank as they owned in the old. They claim further that the directorate of the old bank wrongfully allowed defendant Hanson commissions…
1Opinion of the CourtSalinger, J.
1. Corporations: , members and stockholders: meetings: voting by proxy. I. The plaintiffs seek relief on the allegation, in substance, that the dissolution of the old and the formation of the new bank should be set aside because both acts were a fraudulent scheme on part of those defendants who control both banks to transfer the assets and good will of the old bank to the new, and to exclude' plaintiffs from sharing in the new. to the extent of the value of their shares in the old. If the corporation was dissolved, and the new bank has stockholders not in court, how is such relief possible?
*10182.…
2Cases cited70 opinions
- Buell v. Buckingham & Co.Supreme Court of Iowa · 1864
- Plimpton v. . BigelowNew York Court of Appeals · 1883
- Miners' Ditch Co. v. ZellerbachCalifornia Supreme Court · 1869
- Lindemann v. RuskWisconsin Supreme Court · 1905
- Williams v. FarrandMichigan Supreme Court · 1891
65 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Robbins v. BeattySupreme Court of Iowa · 1954
- In re Tidewater Coal ExchangeCourt of Appeals for the Second Circuit · 1922
- Claus v. Farmers & Stockgrowers State BankWyoming Supreme Court · 1936
- First National Bank v. Fireproof Storage Building Co.Supreme Court of Iowa · 1925
- DDR Computer Service Bureau, Inc. v. DavisIndiana Court of Appeals · 1980
10 more not listed; retrieve them via the Exa API.