Stover v. . Flack
New York Court of Appeals
The facts in the case, which seem to have been established by the verdict of the jury arc: That in 1852 a corporation was organized under the general act of 1848, (Laws of 1848, chap. 40,) called the Diamond Mills Manufacturing Company. That the plaintiff's intestate, Peter Stover, took and subscribed towards the capital stock thereof, ten shares, of the nominal or par value of one thousand dollars.
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The facts in the case, which seem to have been established by the verdict of the jury arc: That in 1852 a corporation was organized under the general act of 1848, (Laws of 1848, chap. 40,) called the Diamond Mills Manufacturing Company. That the plaintiff's intestate, Peter Stover, took and subscribed towards the capital stock thereof, ten shares, of the nominal or par value of one thousand dollars. That said stock' was taken under an arrangement made with the defendant previous to the sub-, scribing for and taking the same, that the plaintiff’s intestate should subscribe for and take the…
1Opinion of the Court
[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.] One ground of defense interposed is the statute of limitations, and that has no application, except to the payment of the stock. It is contended, on the part of the defendant, that such payment was made by Stover in his lifetime by the delivery of the flax, and that such purchase of the flax by the company from Stover, produced an indebtedness on his part to the company for the stock. But it is to be borne in mind that Bradshaw, the treasurer of the company,…
2Cases cited1 opinion
- Burr v. . WilcoxNew York Court of Appeals · 1860
3Cited by17 opinions
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- Lind v. WebberNevada Supreme Court · 1913
- Botsford v. Van RiperNevada Supreme Court · 1910
- The Nassau Bank v. . JonesNew York Court of Appeals · 1884
- Adams v. ClarkSupreme Court of Colorado · 1906
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