Powers v. Knapp
New York Supreme Court
Appeal from circuit court. Action by Isaac P. Powers against Hiram Knapp. Defendant had judgment, on the verdict of the jury, dismissing the complaint, from which, and an order denying a motion for a new trial on the minutes, plaintiff appeals.
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Appeal from circuit court. Action by Isaac P. Powers against Hiram Knapp. Defendant had judgment, on the verdict of the jury, dismissing the complaint, from which, and an order denying a motion for a new trial on the minutes, plaintiff appeals. The action was brought against defendant as a stockholder of the Winslow & Knapp Lumber Company, organized under Laws 1848, c. 40. Section 10 of that act, and on which the action is based, provides: “All the stockholders of every company incorporated under this act, shall be severally individually liable to the creditors of the company in which they…
1Opinion of the CourtParker, J.
In December, 1889, the defendant signed, with Egbert W. Knapp, Norris Winslow, and two others, the original certificate of organization of the ‘Winslow & Knapp Lumber Company,” in which it was stated that he was one of the trustees of such corporation. At the same time he signed with the same parties an agreement whereby he agreed to take 30 shares of the capital stock of the Winslow & Knapp Lumber Company, and pay therefor the sum of $100 per share, “when said company is duly organized, and we are called upon for such payment by the trustees of said company.” On the trial of this action, he…
2Cases cited12 opinions
- Upton v. TribilcockSupreme Court of the United States · 1875
- Thomas v. . ScuttNew York Court of Appeals · 1891
- Wheeler v. . MillarNew York Court of Appeals · 1882
- Johnson v. . UnderhillNew York Court of Appeals · 1873
- Buffalo and N.Y. City R.R. Co. v. . DudleyNew York Court of Appeals · 1856
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3Cited by3 opinions
- Beals v. Buffalo Expanded Metal Construction Co.Appellate Division of the Supreme Court of the State of New York · 1900
- Beals v. Buffalo Expanded Metal Construction Co.Appellate Division of the Supreme Court of the State of New York · 1900
- Powers v. KnappNew York Supreme Court · 1895