Legal Opinion
Perry v. Missouri-Kansas Pipe Line Co.
Court of Chancery of Delaware
Decided May 4, 1937PublishedCited by 33 opinions
1Opinion of the Court
The Chancellor:
The voting trust agreement was formed on April 1, 1930. By the express terms of its ninth paragraph it was “to continue in full force and effect until April 1st, 1941.” Thus the trust was given a life of eleven years.
The trust was created by virtue of the power conferred by Section 18 of the General Corporation Law (Section 2050, Rev. Code 1935), which provides that voting trust agreements may be formed by one or more stockholders, to have a duration for any period of time “not exceeding ten years.”
The complainant contends that as the voting trust in this case was given a life…
2Cases cited8 opinions
- Matter of Morse (Bank of America)New York Court of Appeals · 1928
- In re the E. N. Chilson for a Summary Order for Election of Directors of Public Industrials Corp.Court of Chancery of Delaware · 1933
- Chandler v. Bellanca Aircraft Corp.Court of Chancery of Delaware · 1932
- Hussey v. SargentCourt of Appeals of Kentucky · 1903
- Capital Bakers, Inc. v. LeahyCourt of Chancery of Delaware · 1935
3 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Ringling Bros.-Barnum & Bailey Combined Shows Inc. v. RinglingCourt of Chancery of Delaware · 1947
- Abercrombie v. DaviesSupreme Court of Delaware · 1957
- Tracey v. FranklinSupreme Court of Delaware · 1949
- Weinberger v. UOP, Inc.Court of Chancery of Delaware · 1979
- Watts v. Des Moines Register and TribuneDistrict Court, S.D. Iowa · 1981
28 more not listed; retrieve them via the Exa API.