Stiewel v. Webb Press Co.
Supreme Court of Arkansas
Appeal.from Pulaski Chancery Court; Jesse C. Hart, Chancellor; STATEMENT BY THE COURT. This is a suit in equity to dissolve' a domestic corporation, the El Dorado Compress Company, having its principal place of business at the city of Little Rock in Pulaski County, and to dispose of its assets and distribute the proceeds among its creditors and shareholders.
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Appeal.from Pulaski Chancery Court; Jesse C. Hart, Chancellor; STATEMENT BY THE COURT. This is a suit in equity to dissolve' a domestic corporation, the El Dorado Compress Company, having its principal place of business at the city of Little Rock in Pulaski County, and to dispose of its assets and distribute the proceeds among its creditors and shareholders. The suit was originally instituted by a receiver appointed by the Pulaski Chancery Court to take charge of the assets of the Bank of Little Rock, that concern being a creditor and the holder of shares of the capital stock of the compress…
1Opinion of the Court
McCulloch, J.,
(after stating the facts.) 1. Waiving the question of Walker’s eligibility as a director, and treating him as a de facto officer of the corporation, did the failure to notify him of'the meeting or to consult him about the execution of the mortgage invalidate its execution?
It is undisputed that Walker was a shareholder and director in name only.' Pie had no interest in the corporation, did not claim any, and did not assume to act as director. He testified that he took no part in the management of the affairs of the concern, and knew that they were looked after by Lake and the…
2Cases cited5 opinions
- G. V. B. Min. Co. v. First Nat. Bank of HaileyCourt of Appeals for the Ninth Circuit · 1899
- Block v. SmithSupreme Court of Arkansas · 1895
- Topeka Primary Ass'n University of Builders v. MartinSupreme Court of Kansas · 1888
- Lowe v. WalkerSupreme Court of Arkansas · 1905
- Texarkana & Fort Smith Railway Co. v. Bemis Lumber Co.Supreme Court of Arkansas · 1900
3Cited by9 opinions
- Richman v. Bank of PerrisCalifornia Court of Appeal · 1929
- Winer v. Bank of BlythevilleSupreme Court of Arkansas · 1909
- Foster v. RicheySupreme Court of Arkansas · 1936
- Lewis v. Forrest City Special Improvement DistrictSupreme Court of Arkansas · 1923
- Merchants & Farmers Bank v. Harris Lumber Co.Supreme Court of Arkansas · 1912
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