Legal Opinion
Lawson v. Household Finance Corp.
Supreme Court of Delaware
Decided February 27, 1930PublishedCited by 11 opinions
1Opinion of the Court
Richards, J.,
delivering the opinion of the court:
The general proposition that no power or authority can be conferred upon a corporation by its charter, which was not provided by the statute under which it was created is not disputed.
All corporations created in this State and powers thereby granted must be sanctioned by an, Act of the Legislature. Constitution, Article 9.
Corporate existence and powers were well defined by Chief Justice Marshall in the celebrated Dartmouth College Case, when he said, “A corporation is an artificial being, invisible, intangible, and existing only in…
2Cases cited25 opinions
- Boyd's Lessee v. GravesSupreme Court of the United States · 1819
- Dr. Miles Medical Co. v. John D. Park & Sons Co.Supreme Court of the United States · 1911
- Wynehamer v. . the PeopleNew York Court of Appeals · 1856
- New England Trust Co. v. AbbottMassachusetts Supreme Judicial Court · 1894
- Straus v. Victor Talking MacHine Co.Supreme Court of the United States · 1917
20 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Hibbert v. Hollywood Park, Inc.Supreme Court of Delaware · 1983
- Allen v. Biltmore Tissue Corp.New York Court of Appeals · 1957
- St. Louis Union Trust Co. v. Merrill Lynch, Pierce, Fenner & Smith Inc.Court of Appeals for the Eighth Circuit · 1977
- Voege v. American Sumatra Tobacco CorporationDistrict Court, D. Delaware · 1965
- Tracey v. FranklinSupreme Court of Delaware · 1949
6 more not listed; retrieve them via the Exa API.