Stradley v. Cargill Elevator Co.
Michigan Supreme Court
Appeal from Chippewa; Steere, J. Bill by John G. Stradley against the Cargill Elevator Company and others to set aside certain conveyances and for an accounting. From a decree dismissing the bill, complainant appeals.
1Opinion of the CourtCarpenter, J.
Early in 1887, complainant and most of the individual defendants organized the Sault Ste. Marie Land Company, Limited, a limited partnership, under the laws of this State. Said association acquired the ownership of a large amount of land situated in the city of Sault Ste. Marie, in this State. Shortly after its organization, each member of said association transferred to defendant Samuel D. Cargill, as trustee, 50 per cent, of his stock, for the purpose of having the same sold for the benefit of the association. Said treasury stock so held by Cargill as trustee was sold to complainant’s…
2Cases cited2 opinions
- Columbia Nat. Bank of Tacoma v. MathewsCourt of Appeals for the Ninth Circuit · 1898
- Lucas v. FriantMichigan Supreme Court · 1897