Van Demark v. Barons
Supreme Court of Kansas
Error from Cloud Distriot Court. ON the 28th day of September, 1885, before A. B. Chaf-fee, a justice of the peace of Cloud county, in this state, F. E. Barons recovered a judgment of $185.08, and $32.03 costs, against the Clyde Milling Company, of Cloud county, for rent of a certain strip of land, upon a written lease, executed the 1st of August, 1884. The rent sued for was for the months of May and June, 1885, at $75 per month.
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Error from Cloud Distriot Court. ON the 28th day of September, 1885, before A. B. Chaf-fee, a justice of the peace of Cloud county, in this state, F. E. Barons recovered a judgment of $185.08, and $32.03 costs, against the Clyde Milling Company, of Cloud county, for rent of a certain strip of land, upon a written lease, executed the 1st of August, 1884. The rent sued for was for the months of May and June, 1885, at $75 per month. On the 17th day of May, 1889, the execution was issued by the justice of the peace upon the judgment against the milling company, and returned unsatisfied for want…
1Opinion of the Court
The opinion of the court was delivered by
HobtoN, C. J.:
The general rule is, that shares of stock of a corporation, and may be transferred like any other property, unless the transfer is restrained by the charter or articles of association, and that a bona fide transfer terminates the liability of the transferrer either to the company or to *781creditors. (Thomp. Liab. Stockh., § 210, and cases cited; Mor. Priv. Corp., § 888.) The decisions of the courts upon this question have been exceedingly conflicting, but the rule announced is in accord with the previous intimations of this court. (Valley…
2Cases cited4 opinions
- German Savings Bank v. WulfekuhlerSupreme Court of Kansas · 1877
- Skrainka v. AllenSupreme Court of Missouri · 1882
- Plumb v. Bank of EnterpriseSupreme Court of Kansas · 1892
- Valley Bank & Savings Institution v. Ladies' Congregational Sewing SocietySupreme Court of Kansas · 1882
3Cited by9 opinions
- Ned McDaniel Mary E. McDaniel and Robert A. Collier v. R. D. Painter, Dale Painter and Rhodes DanehowerCourt of Appeals for the Tenth Circuit · 1969
- Hancock National Bank v. EllisMassachusetts Supreme Judicial Court · 1898
- Barnhouse v. DeweySupreme Court of Kansas · 1910
- Dexter v. EdmandsU.S. Circuit Court for the District of Massachusetts · 1898
- Harman v. WillbernDistrict Court, D. Kansas · 1974
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