Daley v. People's Building, Loan, & Savings Ass'n
Massachusetts Supreme Judicial Court
Contbact, upon a covenant contained in a certificate issued by the defendant corporation to the plaintiff. At the trial in the Superior Court, before Hopkins, J., the jury returned a verdict for the plaintiff; and the defendant alleged exceptions, which appear in the opinion.
1Opinion of the CourtHolmes, J.
This is an action upon a covenant to pay one hundred dollars a share, five years from date, contained in a certificate that the plaintiff is a shareholder in the defendant corporation. At the trial the defendant offered evidence that there were withdrawals of other members on file, that the corporation had suffered losses since the certificate was issued, and that the directors had taken steps to reduce the assets, the object being, of course, to show that the corporation had not funds applicable to the payment of the alleged debt. The evidence was rejected. The defendant also moved for.a…
2Cases cited6 opinions
- Shinners v. Proprietors of Locks & Canals on Merrimack RiverMassachusetts Supreme Judicial Court · 1891
- Engelhardt v. Fifth Ward Permanent Dime Saving & Loan Ass'nNew York Court of Appeals · 1896
- Field v. Lamson & Goodnow Manufacturing Co.Massachusetts Supreme Judicial Court · 1894
- Greve v. Aetna Live-Stock Ins.New York Supreme Court · 1894
- Williams v. ParkerMassachusetts Supreme Judicial Court · 1884
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3Cited by8 opinions
- Daley v. People's Building, Loan & Saving Ass'nMassachusetts Supreme Judicial Court · 1901
- Hurley v. Boston Railroad Holding Co.Massachusetts Supreme Judicial Court · 1944
- Newhall v. Supreme Council American Legion of HonorMassachusetts Supreme Judicial Court · 1902
- Field v. Eastern Building & Loan Ass'nSupreme Court of Iowa · 1902
- Starks v. O'HaraMassachusetts Supreme Judicial Court · 1929
3 more not listed; retrieve them via the Exa API.