Converse v. Ayer
Massachusetts Supreme Judicial Court
Contract to enforce an alleged liability of the defendant as a shareholder of the Minnesota Thresher Manufacturing Company. Writ in the Superior Court of the county of Suffolk dated August 7, 1908. There was a hearing before Fox, J., without a jury, upon an agreed statement of facts.
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Contract to enforce an alleged liability of the defendant as a shareholder of the Minnesota Thresher Manufacturing Company. Writ in the Superior Court of the county of Suffolk dated August 7, 1908. There was a hearing before Fox, J., without a jury, upon an agreed statement of facts. In 1874 a corporation was organized under the laws of Minnesota by the name of Seymour, Sabin and Company for the purpose of carrying on the business of general manufacturing, merchandising and lumber. It acquired and possessed at Stillwater, Washington County, Minnesota, a manufacturing establishment and plant,…
1Opinion of the CourtBraley, J.
This is an action of contract to recover the amount of an assessment levied upon the defendant as a stockholder in the Minnesota Thresher Manufacturing Company, a foreign corporation, by the laws of whose domicil his liability must be determined. New Haven Horse Nail Co. v. Linden Spring Co. 142 Mass. 349, 355. Article 10, § 3, of the constitution of Minnesota, provides: “ Each shareholder, in any corporation, except those organized for the purpose of carrying on any kind of manufacturing or mechanical business, shall be liable to the amount of stock held or owned by him.” If the company…
2Cases cited39 opinions
- Campbell v. HoltSupreme Court of the United States · 1885
- Hawkins v. GlennSupreme Court of the United States · 1889
- Hale v. AllinsonSupreme Court of the United States · 1903
- Bernheimer v. ConverseSupreme Court of the United States · 1907
- Ewell v. DaggsSupreme Court of the United States · 1883
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3Cited by19 opinions
- Stone v. Old Colony Street Railway Co.Massachusetts Supreme Judicial Court · 1912
- Bellows Falls Power Co. v. CommonwealthMassachusetts Supreme Judicial Court · 1915
- Commissioner of Banks v. Prudential Trust Co.Massachusetts Supreme Judicial Court · 1922
- Coyle v. Taunton Safe Deposit & Trust Co.Massachusetts Supreme Judicial Court · 1913
- Corey v. Independent Ice Co.Massachusetts Supreme Judicial Court · 1917
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