Dennis v. Joslin Manufacturing Co.

This bill was filed to enjoin the defendant company from selling stock, belonging to the complainant, to satisfy a debt alleged to be due from him to the company.

The bill alleges that the three stockholders, composing the company at the time, had agreed that each might withdraw money from the profits of the company to be offset by a dividend, to be declared at the following annual meeting, sufficient to cover the amounts withdrawn, in proportion to the stock owned by each, and that at the annual meeting in July, 1894, a dividend was so voted. The stockholders withdrew certain sums, and the…