Legal Opinion

In re People's Live Stock Insurance

Supreme Court of Minnesota

Decided January 12, 1894No. 8397PublishedCited by 19 opinions

Appeal by E. J. Mendenhall and A. C. Paul, stockholders in the People’s Live Stock Insurance Company, from an order of the District Court of Hennepin County, Charles M. Pond, J., made June 26, 1893, in the proceedings to wind up its affairs, denying their motion for a new trial of the question of their liability.

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Appeal by E. J. Mendenhall and A. C. Paul, stockholders in the People’s Live Stock Insurance Company, from an order of the District Court of Hennepin County, Charles M. Pond, J., made June 26, 1893, in the proceedings to wind up its affairs, denying their motion for a new trial of the question of their liability. The People’s Live Stock Insurance Company was organized at Minneapolis June 2, 1890, as a corporation under 1878 G-. S. cli. 34, title 2, to insure owners of live stock against loss by death of such stock. Its authorized capital was $100,000 divided into shares of $100 each. Only 300…

1Opinion of the CourtGileillan, C. J.

This corporation was incorporated in June, 1890, and transacted business till January, 1S92. On the 22d oí the latter month, Spilman recovered judgment against it, and on the 25th, on the petition oí a majority in number and interest of the stockholders, an order or decree was entered in the District Court of Hennepin county, in which county the corporation had its principal place of business, dissolving the corporation, and appointing a receiver, under 1878 G. S. ch. 34, §§ 415, 417. September 17, 1892, the court made an order fixing the time and manner in which creditors should prove their…

2Cases cited3 opinions

  1. McKusick v. Seymour, Sabin & Co.Supreme Court of Minnesota · 1892
  2. Merchants' National Bank v. Bailey Manufacturing Co.Supreme Court of Minnesota · 1885
  3. In re Educational Endowment Ass'nSupreme Court of Minnesota · 1894

3Cited by19 opinions

  1. Finney v. GuyWisconsin Supreme Court · 1900
  2. State v. LaytonSupreme Court of Missouri · 1901
  3. Minneapolis Baseball Co. v. City BankSupreme Court of Minnesota · 1896
  4. Hale v. HardonCourt of Appeals for the First Circuit · 1899
  5. Kalichoff v. NelsonSupreme Court of Minnesota · 1895

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