Kidd v. New Hampshire Traction Co.
Supreme Court of New Hampshire
Bill in Equity, by two holders of preferred stock in the Massachusetts Construction Company Incorporated, in behalf of themselves and all other stockholders of the corporation,'alleging in part, in substance, that as a result of fraud all the assets of the corporation have passed into the possession and control of the New York Security and Trust Company, one of the defendants, and praying for an accounting by the latter company.
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Bill in Equity, by two holders of preferred stock in the Massachusetts Construction Company Incorporated, in behalf of themselves and all other stockholders of the corporation,'alleging in part, in substance, that as a result of fraud all the assets of the corporation have passed into the possession and control of the New York Security and Trust Company, one of the defendants, and praying for an accounting by the latter company. This is the same suit reported in 72 N. H. 273. There was a trial by the court. A general decree was made in favor of the plaintiffs against the Trust Company, and…
1Opinion of the CourtChase, J.
Wallace I). Lovell, a promoter and builder of street railways, doing business in the name of incorporated companies whose stock he owned and whose affairs he controlled, borrowed money of the plaintiff's from time to time, beginning in 1897, to such an extent that in the fall of 1901 he and his company were owing the plaintiff Kidd about $179,000, and the plaintiff Whit-comb $65,000-, In October, 1901, the Massachusetts Construction Company Incorporated (Connecticut Company) was formed under the general laws of Connecticut, and took the assets and assumed the liabilities of the Massachusetts…
2Cases cited11 opinions
- Chapin v. . DobsonNew York Court of Appeals · 1879
- Durkin v. CobleighMassachusetts Supreme Judicial Court · 1892
- Carr v. DooleyMassachusetts Supreme Judicial Court · 1876
- Welz v. RhodiusIndiana Supreme Court · 1882
- Rackemann v. Riverbank Improvement Co.Massachusetts Supreme Judicial Court · 1896
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3Cited by3 opinions
- Derosier v. New England Telephone & Telegraph Co.Supreme Court of New Hampshire · 1925
- Ellis v. Candia Trailers & Snow Equipment, Inc.Supreme Court of New Hampshire · 2012
- Ahia v. CainHawaii Supreme Court · 1924