Minnesota Mining & Mfg. Co. v. Willcuts

CANT, District Judge.

During a part of the year 1929, and for several years prior thereto, the plaintiff, a Minnesota corporation, and hereinafter so designated, was engaged in business in said state. A time came when it was thought advisable, not to change such business, or the ultimate ownership, or the management thereof, but that the convenient vehicle for carrying on its operations should be a Delaware corporation of the same number of shares of capital stock and authorized to take over the property of the Minnesota corporation and manage the affair’s thereof. A voluntary committee was…