Green v. Hedenberg
Appellate Court of Illinois
Memorandum.—In chancery. Appeal from the Circuit Court of Cook County; the Hon. Oliver H. Horton, Judge, presiding. Heard in this court at the October term, 1894, and affirmed.
1Opinion of the CourtJustice Gary
On the 13th day of April, 1893, the appellee owned the . majority of the stock of the FTutling Electric Manufacturing Company, and sold it nominally to persons not parties to this appeal for $40,200; $15,200 in cash, and $25,000 in notes secured by a pledge of 776 of the 1,000 shares of stock of the corporation.
The appellant insists that the sale was to the corporation itself, and not to individuals; but on that point we regard the evidence as conclusive in favor of the appellee, and it would be useless to recite it. To pay the $15,200 cash, money belonging to the corporation was used. The…
2Cases cited2 opinions
- Howard v. ScottSupreme Court of Vermont · 1877
- Whitcomb v. DuellAppellate Court of Illinois · 1894
3Cited by2 opinions
- Hudek v. EnnesserAppellate Court of Illinois · 1896
- Jamieson v. WallaceAppellate Court of Illinois · 1895