G. W. Jones Lumber Co. v. Wisarkana Lumber Co.
Supreme Court of Arkansas
Appeal from Craighead Chancery Court, Western District; C. D. Frierson, Chancellor; 1. The judgment of the Circuit Court is conclusive as to the amount due. It was a valid judgment and constituted an adjudication of all matters in controversy. None of the provisions of Sec. 4431, Kirby’s Digest, are alleged as cause for setting aside the judgment. Our statute does not require service of summons on all the stockholders of a corporation.
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Appeal from Craighead Chancery Court, Western District; C. D. Frierson, Chancellor; 1. The judgment of the Circuit Court is conclusive as to the amount due. It was a valid judgment and constituted an adjudication of all matters in controversy. None of the provisions of Sec. 4431, Kirby’s Digest, are alleged as cause for setting aside the judgment. Our statute does not require service of summons on all the stockholders of a corporation. Kirby’s Digest, §§ 6045-6048. 2. The judgment was not voidable because G. W. Jones was president of both corporations, or because of interlocking directors or…
1Opinion of the CourtMcCulloch, C. J.
The Wisarkana Lumber Company is a corporation organized under the laws of the State of Wisconsin, but its assets have always been situated in Craighead County, Arkansas, where it constructed and operated a large lumber manufacturing plant and where a large body of timber lands owned by it is situated. It was organized with a capital stock of $100,000, divided into a thousand shares of the par value of $100 per share, of which the G. W. Jones Lumber Company, another Wisconsin corporation, owned 657 shares, G. V. Nash 200 shares, C. L. Storrs 100 shares, B. C.' Wettlaufer 40 shares, and the…
2Cases cited1 opinion
- Leavenworth County Commissioners v. Chicago, Rock Island & Pacific Railway Co.Supreme Court of the United States · 1890
3Cited by11 opinions
- Banks v. JonesSupreme Court of Arkansas · 1965
- Hastings v. Rose CourtsSupreme Court of Arkansas · 1963
- Mannon v. R. A. Young & Sons Coal Co.Supreme Court of Arkansas · 1944
- Charles Keeshin, Inc. v. Farmers & Merchants Bank of RogersDistrict Court, W.D. Arkansas · 1961
- Stout v. OatesSupreme Court of Arkansas · 1950
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