Erb v. Yoerg
Supreme Court of Minnesota
Appeal by plaintiff from an order of the district court for Ramsey county, Charles D. Kerr, J., denying a motion for a new trial. The corporation was prohibited from appropriating funds or di-. recting its operations to any other purpose than expressed in its articles of incorporation. G-. S. 1S94, § 2807. A violation of this provision is punishable by fine and imprisonment.
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Appeal by plaintiff from an order of the district court for Ramsey county, Charles D. Kerr, J., denying a motion for a new trial. The corporation was prohibited from appropriating funds or di-. recting its operations to any other purpose than expressed in its articles of incorporation. G-. S. 1S94, § 2807. A violation of this provision is punishable by fine and imprisonment. G-. S. 1894, §§ 2793, 2796. It was prohibited from purchasing the cigars or appropriating money to pay for them. National Inv. Co. v. National S. L. & B. Assn., 49 Minn. 517, 52 N. W. 138; Delaware F. M. F. Ins. Co. v.…
1Opinion of the CourtCanty, J.
On January 21, 1894, the Ware Tobacco Works, a corporation organized under the laws of this state, ordered from plaintiff 10,000 cigars, for the price of $500, to be paid for in four months. On March 8, plaintiff shipped the cigars from Boyertown, Pennsylvania, to the Tobacco Works at St. Paul, Minnesota, where it received them on March 23. On the next day, March 24, 1894, it made a deed of assignment to the defendant, for the benefit of its creditors, under the insolvency law of 1881,2 which deed was filed March 27; and the assignee then qualified and entered on the discharge of his duties.…
2Cases cited2 opinions
- Central Building & Loan Ass'n v. LampsonSupreme Court of Minnesota · 1895
- Hahn v. PenneySupreme Court of Minnesota · 1895
3Cited by6 opinions
- State v. Mortgage Security Co. of Minnesota, Inc.Supreme Court of Minnesota · 1923
- Webster v. U. S. I. Realty Co.Supreme Court of Minnesota · 1927
- Hunt v. Hauser Malting Co.Supreme Court of Minnesota · 1903
- Olson v. Warroad Mercantile Co.Supreme Court of Minnesota · 1917
- Benson Lumber Co. v. ThorntonSupreme Court of Minnesota · 1932
1 more not listed; retrieve them via the Exa API.