Legal Opinion

Tierney v. Ledden

Supreme Court of Iowa

Decided July 1, 1909PublishedCited by 7 opinions

Appeal from Webster District Court. — Hon. C. G. Lee, Judge. Action on subscription to capital stock resulted in judgment as prayed. The defendant appeals.

1Opinion of the CourtLadd, J.

The plaintiff is the trustee in bankruptcy of the Byan Implement & Hardware Company, and this action is based on an alleged. unpaid balance owing for five shares of its capital stock at the par value of $100. per share. The company was organized early in 1901, and after repeated efforts induced defendant to contract for five shares of stock at the par value of $100 each and execute his note to the company therefor in the sum of $500. The stock was issued, and the note immediately deposited with a bank as collateral security of a loan to the company. This was January 11, 1902, and as a part of…

2Cases cited20 opinions

  1. Burgess v. SeligmanSupreme Court of the United States · 1883
  2. National Bank v. CaseSupreme Court of the United States · 1879
  3. Pauly v. State Loan & Trust Co.Supreme Court of the United States · 1897
  4. Matthews v. AlbertCourt of Appeals of Maryland · 1866
  5. McMahon v. . MacYNew York Court of Appeals · 1872

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3Cited by7 opinions

  1. Jewell v. NuhnSupreme Court of Iowa · 1915
  2. Mitchell v. Banking CorporationMontana Supreme Court · 1933
  3. Turner v. Roseberry Irrigation DistrictIdaho Supreme Court · 1921
  4. Snyder v. State-Wide Properties, Inc.District Court, N.D. Illinois · 1964
  5. Lefker v. HarnerSupreme Court of Arkansas · 1916

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