Patrick v. Boonville Gas Light Co.
Missouri Court of Appeals
Appeal from the St. Louis Circuit Coitrt, Adams, J. A director dn a corporation has a right.to deal with such corporation in any way that a stranger may — St. Louis v. Alexander, 23 Mo. 527 ; Kitchen 'j. II. R., 69 Mo. 243 ; Roster v. MuTlanphy Planing Mill Co., 16 Mo.
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Appeal from the St. Louis Circuit Coitrt, Adams, J. A director dn a corporation has a right.to deal with such corporation in any way that a stranger may — St. Louis v. Alexander, 23 Mo. 527 ; Kitchen 'j. II. R., 69 Mo. 243 ; Roster v. MuTlanphy Planing Mill Co., 16 Mo. App. 150; Buell v. Buckingham, 16 Iowa 284; Burbank v. West Walker Ditch Co., 13 Nev. 431; Smith v. Skeary, 47 Conn. 54; Whitwell v. Wareer, 20 Vt. 444; Gordon. v. Preston, 1 Watts 387; Twin.Lick Oil Co. v. Marburg, 1 Otto 587. The president of such company has the right •with his own funds to purchase notes and drafts of the…
1Opinion of the CourtRombauer, J.
Plaintiff claiming to be the assignee, by indorsement in the year 1883, of three promissory notes, alleged to be-executed by the defendant corporation in the years 1873 and 1874, and all maturing before the expiration of the-year 1875, instituted suit thereon in September, 1883, against the corporation.
Plaintiff in his petition claimed to have derived title to the notes through one Heath, and the answer, among other things, sets up in defence the fact that Heath was the president of the corporation and its chief managing officer when the notes came into his possession, and that when they came…
2Cases cited18 opinions
- Twin-Lick Oil Co. v. MarburySupreme Court of the United States · 1876
- Nelson v. BrodhackSupreme Court of Missouri · 1869
- Chouteau v. AllenSupreme Court of Missouri · 1879
- Barker v. Mechanic Fire InsuranceNew York Supreme Court · 1829
- Kitchen v. St. Louis, Kansas City & Northern Railway Co.Supreme Court of Missouri · 1878
13 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Nelson v. WallaceMissouri Court of Appeals · 1892
- Bennett v. St. Louis Car Roofing Co.Missouri Court of Appeals · 1885
- Williams v. Jackson County Patrons of HusbandryMissouri Court of Appeals · 1886
- Davis v. ShaferU.S. Circuit Court for the District of Western Missouri · 1892
- Bay v. TrusdellMissouri Court of Appeals · 1902
3 more not listed; retrieve them via the Exa API.