Newberry v. Detroit & Lake Superior Iron Manufacturing Co.
Michigan Supreme Court
Appeal in Chancery from Wayne Circuit. The bill in this cause was filed to compel defendant to issue a certificate to complainant of certain shares of stock. The cause was heard upon pleadings and proofs, and the bill was dismissed.
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Appeal in Chancery from Wayne Circuit. The bill in this cause was filed to compel defendant to issue a certificate to complainant of certain shares of stock. The cause was heard upon pleadings and proofs, and the bill was dismissed. The facts are stated in the opinion. 1. At the time of' the levy and sale under which complainant claims title to the stock in controversy, Russell, the execution debtor, had an interest in such stock which was subject to seizure 'and sale under execution. Sec. 4476, Comp. L. p. 12IS, provides that any share or interest of a stockholder, in any corporation,…
1Opinion of the Court
Graves J.
The defendant is a corporation organized under the act of February 5, 1853, authorizing the formation of corporations for manufacturing and other purposes. On the 21st of November, 1861, there were standing on its books, in the name of George B. Bussell, 480 shares of stock. On the 27th of the same month he was largely insolvent, and made to Henry H. Le Boy a general assignment for the benefit of creditors. At some time before this, however, he had assigned to Julius A. Austin 200 shares of said stock, and to Philo Parsons the remaining 280 shares, as security for debts which he owed…
2Cases cited3 opinions
- Robert Y. Brent, Surviving of Robert Brent, Use of the United States v. The President and Directors of the Bank of WashingtonSupreme Court of the United States · 1836
- Manufacturers' & Traders' Bank v. HazardNew York Court of Appeals · 1864
- McCready v. RumseyThe Superior Court of New York City · 1857
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- Nat. Bank Etc. v. Western Pac. Ry. Co.California Supreme Court · 1910
- Van Norman v. Circuit JudgeMichigan Supreme Court · 1881
- Blair v. ComptonMichigan Supreme Court · 1876
- Compo v. Jackson Iron Co.Michigan Supreme Court · 1883
- Harlow v. Lake Superior Iron Co.Michigan Supreme Court · 1879
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