Essex v. Essex
Michigan Supreme Court
Appeal from Wayne; Donovan, J. Bill by George B. Essex and others against John H. Essex, Randall H. Mitchell, Henry C. La Flamboy, and the G. B. Essex Brass Company to set aside the sale of certain stock. The defendant company filed a cross-bill asking for an accounting. From a decree for complainants, and dismissing the cross-bill, defendants appeal.
1Opinion of the CourtMontgomery, J.
The G. B. Essex Brass Company was organized in 1900. It was originally intended to organize with capital of $45,000, of which one-half was to be subscribed and paid in. The subscription of the complainant George B. Essex was to be paid by turning in to the company certain patents at a price of $7,500. It was found on investigation that as the law then stood the entire capital stock must be subscribed. Each of the subscribers doubled his subscription, but when the stock was issued there was in fact issued to each subscriber one-half of the stock subscribed by him as full paid stock. The…
2Cases cited1 opinion
- Hammond v. Edison Illuminating Co.Michigan Supreme Court · 1902
3Cited by6 opinions
- Madugula v. TaubMichigan Supreme Court · 2014
- Borg v. International Silver Co.Court of Appeals for the Second Circuit · 1925
- Andersen v. Albert & J. M. Anderson Manufacturing Co.Massachusetts Supreme Judicial Court · 1950
- Trask v. ChaseSupreme Judicial Court of Maine · 1910
- Campau v. McMathMichigan Court of Appeals · 1990
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