Coleman v. Tepel
Court of Appeals for the Third Circuit
Appeal from the District Court of the United States for the Middle District of Pennsylvania; Chas. B. Witmer, Judge. Suit by Fred W. Tepel, trustee in bankruptcy of the West Branch Box & Lumber Company, against John J. Coleman, individually and as trustee, and others. From a décree in favor of plaintiff (229 Fed. •300), defendants appeal.
1Opinion of the Court
WOOLLEY, Circuit Judge.
The questions in this case relate to the validity of a purchase by a corporation of its own shares of stock. The theory upon which the case was argued involved a general consideration of the broad subject of corporate capital, the purposes for which it is employed and held, and the rights of creditors and stockholders therein. An excursion into this general subject was deemed necessary, because it was thought that some phases of the case are controlled by laws of Pennsylvania, with respect to which, we are informed, there is neither statutory nor judicial expression. As…
2Cases cited24 opinions
- Central Transportation Co. v. Pullman's Palace Car Co.Supreme Court of the United States · 1891
- Upton v. TribilcockSupreme Court of the United States · 1875
- Sanger v. UptonSupreme Court of the United States · 1875
- Farrington v. TennesseeSupreme Court of the United States · 1878
- Maryland Trust Co. v. National Mechanics BankCourt of Appeals of Maryland · 1906
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3Cited by20 opinions
- McCandless v. FurlaudSupreme Court of the United States · 1935
- Mountain State Steel Foundries, Inc., and v. Commissioner of Internal Revenue, AndCourt of Appeals for the Fourth Circuit · 1960
- In the Matter of the Trimble Company, a Corporation. William J. McMinn Samuel A. Robinson, Joseph A. Warren, Jr., and R. J. Mitchell, CreditorsCourt of Appeals for the Third Circuit · 1964
- Johnson v. Canfield-Swigart Co.Illinois Supreme Court · 1920
- In Re Bell Tone Records, Inc.District Court, D. New Jersey · 1949
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