Legal Opinion
The Matawan Bank v. the Matawan Tile Co.
Supreme Court of New Jersey
Decided April 25, 1949PublishedCited by 9 opinions
1Opinion of the Court
The opinion of the court was delivered by
Yandekbilt, 0. J.
The present appeal arises out of a decree of the former Court of Chancery surcharging the former directors of the defendant, The Matawan Tile Company, as a result of their administration of the affairs of the corporation during its voluntary dissolution.
The Matawan Tile Company was incorporated in 1902 for the purpose of engaging in the manufacture and sale of floor tile. Over the years it acquired a sizable business in Matawan. Although the company had withstood and recovered from the losses attendant on World War I, the shrinkage of…
2Cases cited1 opinion
- Bisbee v. Midland Linseed Products Co.Court of Appeals for the Eighth Circuit · 1927
3Cited by9 opinions
- Leventhal v. Atlantic Rainbow Painting Co., Ltd.New Jersey Superior Court Appellate Division · 1961
- Milberg v. Seaboard Trust Co.Supreme Court of New Jersey · 1951
- K. & J. MARKETS, INC. v. Martin Packing Corp.New Jersey Superior Court Appellate Division · 1952
- Era Advantage Realty, Inc. v. River Bend Development Co.New Jersey Superior Court Appellate Division · 1994
- Henry v. New Jersey Department of Human ServicesSupreme Court of New Jersey · 2010
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