Olson v. Warroad Mercantile Co.
Supreme Court of Minnesota
Action in the district court for Marshall county by the receiver of the McMahan Telephone Company, insolvent, to recover $3,000 upon an assessment on 30 shares of stock of the insolvent corporation owned by defendant, pursuant to Gt. S. 1913, § 6646. The answer specifically denied that defendant was the owner of any shares of stock of the insolvent. The ease was tried before Grindeland, J., who made findings and ordered judgment in favor of plaintiff for the amount demanded.
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Action in the district court for Marshall county by the receiver of the McMahan Telephone Company, insolvent, to recover $3,000 upon an assessment on 30 shares of stock of the insolvent corporation owned by defendant, pursuant to Gt. S. 1913, § 6646. The answer specifically denied that defendant was the owner of any shares of stock of the insolvent. The ease was tried before Grindeland, J., who made findings and ordered judgment in favor of plaintiff for the amount demanded. From an order denying its motion for judgment notwithstanding the decision or for a new trial, defendant appealed.
1Opinion of the CourtHallam, J.
1. The Warroad .Mercantile Company was incorporated in 1905. By its articles of incorporation it was authorized to carry on a general mercantile business and to buy, sell and deal in lands and personal property. Its place of business is Warroad, Minnesota. In 1909, there were four stockholders, Thomas Lawson, C. E. Carlquist, and a man named Larson, a clerk for the company, all residing at Warroad, and John S. Lawson, residing in Milwaukee. John S. Lawson was president, Carlquist vice president, and Thomas Lawson secretary and treasurer. These three constituted the board of directors. The…
2Cases cited22 opinions
- Whitney Arms Co. v. . BarlowNew York Court of Appeals · 1875
- Pittsburgh, Cincinnati & St. Louis Railway Co. v. Keokuk & Hamilton Bridge Co.Supreme Court of the United States · 1889
- Bissell v. Michigan Southern & Northern Indiana Railroad CompaniesNew York Court of Appeals · 1860
- Dimpfell v. Ohio & Mississippi Railway Co.Supreme Court of the United States · 1884
- Thompson v. LambertSupreme Court of Iowa · 1876
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3Cited by8 opinions
- State v. Mortgage Security Co. of Minnesota, Inc.Supreme Court of Minnesota · 1923
- C. S. Brackett Co. v. LofgrenSupreme Court of Minnesota · 1918
- City of Marshall v. KalmanSupreme Court of Minnesota · 1922
- Healy-Owen-Hartzell Co. v. Montevideo Farmers & Merchants Elevator Co.Supreme Court of Minnesota · 1925
- Marin v. CalmensonSupreme Court of Minnesota · 1924
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