Legal Opinion
Cole v. National Cash Credit Ass'n
Court of Chancery of Delaware
Decided July 8, 1931PublishedCited by 47 opinions
1Opinion of the Court
The Chancellor:
The rules for preliminary injunction in these two cases were heard together. In disposing of the rules, I shall first take notice of the suit filed by the Journal Square Bank Building Company.
Bill of Journal Square Bank Building Company.
The complainant in this suit is a creditor of the defendant. As a general proposition,, it is not permitted to a creditor of a corporation to prevent its merger or consolidation with another if the statutory law of its creation authorizes it. 7 Fletcher, Cyc. of Corp., p. 8329; Id. 8411; 8 Thompson on Corporations, (3d Ed.) § 6037. A review of…
2Cases cited13 opinions
- Allied Chemical & Dye Corp. v. Steel & Tube Co. of AmericaCourt of Chancery of Delaware · 1923
- General Inv. Co. v. Lake Shore & M. S. Ry. Co.Court of Appeals for the Sixth Circuit · 1918
- Davis v. Louisville Gas & Electric Co.Court of Chancery of Delaware · 1928
- Davis v. Louisville Gas Electric Co.Court of Chancery of Delaware · 1928
- Robinson v. Pittsburgh Oil Refining Corp.Court of Chancery of Delaware · 1924
8 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
- Federal United Corp. v. HavenderSupreme Court of Delaware · 1940
- Gimbel v. Signal Companies, Inc.Court of Chancery of Delaware · 1974
- Miller v. SteinbachDistrict Court, S.D. New York · 1967
- David J. Greene & Co. v. Dunhill International, Inc.Court of Chancery of Delaware · 1968
42 more not listed; retrieve them via the Exa API.