Buford v. Keokuk Northern Line Packet Co.
Supreme Court of Missouri
Appeal from St. .Louis Court of Appeals. The transfer of the assets of the Keokuk Packet Company to the defendant company in exchange for 1,520 shares of stock in the latter, was void, and can be successfully impeached in this suit. 1. The Keokuk Packet Company was an Illinois corporation and in case of consolidation, was bound to observe the requirements of the Illinois statute.
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Appeal from St. .Louis Court of Appeals. The transfer of the assets of the Keokuk Packet Company to the defendant company in exchange for 1,520 shares of stock in the latter, was void, and can be successfully impeached in this suit. 1. The Keokuk Packet Company was an Illinois corporation and in case of consolidation, was bound to observe the requirements of the Illinois statute. This was Dot done when the consolidation took place with the Keokuk Northern Line Packet Company. There was no special meeting of stockholders called or held to authorize consolidation, and no official notice' given…
1Opinion of the CourtNorton, J.
This is a proceeding by injunction, instituted in the circuit court of St. Louis county in 1874, to enjoin the stockholders of the Keokuk Northern Line Packet Company from holding a stockholders’ meeting on the 29th day of August, 1874 ; to cancel and declare void 1,518 shares of the stock of said packet company issued to the Keokuk Packet Company and transferred by the latter company to defendant, Davidson, to enjoin the directors from recognizing said Davidson as the owner of said stock, and to restrain him from controlling or voting said shares of stock at any time. A temporary injunction *613A…
2Cited by6 opinions
- Skinner v. . SmithNew York Court of Appeals · 1892
- Brownlee v. FenwickSupreme Court of Missouri · 1890
- Gideon-Anderson Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Shores v. ShoresMissouri Court of Appeals · 1889
- Chicago, Indianapolis & Louisville Railway Co. v. Southern Indiana Railway Co.Indiana Court of Appeals · 1904
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