Williams v. Nall
Court of Appeals of Kentucky
Case 5 — ACTION FORDiSSOLUTION OF CORPORATION1 APPEAL PROM JEFFERSON CIRCUIT COURT, CHANCERY DIVISION. Judgment for Defendant. 1. Neither the Legislature nor the organic law of any State can deprive a citizen of his property without due process of law and making just compensation therefor, and to the extent that any such legislation, enacted after the making of a lawful contract, attempts to make the estate of a contracting party liable for double the specified amount named…
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Case 5 — ACTION FORDiSSOLUTION OF CORPORATION1 APPEAL PROM JEFFERSON CIRCUIT COURT, CHANCERY DIVISION. Judgment for Defendant. 1. Neither the Legislature nor the organic law of any State can deprive a citizen of his property without due process of law and making just compensation therefor, and to the extent that any such legislation, enacted after the making of a lawful contract, attempts to make the estate of a contracting party liable for double the specified amount named in his contract, such coercive legislation is obnoxious to the Federal and State Constitutions. 2. A stockholder who…
1Opinion of the Court
Opinion or the court by
JUDGE HOBSON
Apeibming.
*25The present Constitution of the State was adopted September 28, 1891. After this, on December 21, 1891, a corporation under the mame of the Nall & Williams Tobacco Company wasi formed pursuant to the provisions of chapter 58 of the General Statutes, which were then in force. Among the powers of such corporations, the statute authorized the incorporators in their articles to exempt the private property of the members from liability for corporate debts (Gen. St. p. 763), and by their articles these in-corporators so provided. By section 3 of the…
2Cases cited7 opinions
- United States Tr. Co. of New York v. . U.S. Fire Ins. Co.New York Court of Appeals · 1858
- In the Matter of Oliver Lee Co's BankNew York Court of Appeals · 1860
- In the Matter of the Reciprocity BankNew York Court of Appeals · 1860
- Sherman v. SmithSupreme Court of the United States · 1862
- McGowan v. McDonaldCalifornia Supreme Court · 1896
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3Cited by21 opinions
- Duke v. ForceWashington Supreme Court · 1922
- Rainey v. MichelCalifornia Supreme Court · 1936
- Davis v. MooreSupreme Court of Arkansas · 1917
- Diamond v. Parkersburg-Aetna Corp.West Virginia Supreme Court · 1961
- Hodge v. BryanCourt of Appeals of Kentucky · 1912
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