Walter A. Wood Harvester Co. v. Robbins
Supreme Court of Minnesota
Appeal by defendant, Daniel M. Eobbins, from an order of the District Court of Eamsey County, William Louis Kelly, J., made June 18,1893, overruling his demurrer to the complaint. The plaintiff, the Walter A. Wood Harvester Company was organized January 21,1892, as a manufacturing corporation under Laws 1873, ch. 11 (1878 G-. S. ch. 34, §§ 120 to 143, inclusive). Its capital stock was $2,500,000, divided into shares of $100 each.
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Appeal by defendant, Daniel M. Eobbins, from an order of the District Court of Eamsey County, William Louis Kelly, J., made June 18,1893, overruling his demurrer to the complaint. The plaintiff, the Walter A. Wood Harvester Company was organized January 21,1892, as a manufacturing corporation under Laws 1873, ch. 11 (1878 G-. S. ch. 34, §§ 120 to 143, inclusive). Its capital stock was $2,500,000, divided into shares of $100 each. The complaint in this action stated that on January 22, 1892, defendant for value received subscribed for and agreed to take and pay for fifty of these shares,…
1Opinion of the CourtVanderburgh, J.
This action is brought to recover an installment -of a stock subscription, alleged to have been made by the defendant. The questions in the case arise upon the demurrer to the complaint for insufficiency.
One section of the statute 1878 G. S. ch. 34, § 130, under which the plaintiff corporation is alleged to be organized provides that the directors may call in stock subscriptions, by installments, in such proportions, and at such times and places, as they shall think proper, by giving such notice thereof as the by-laws shall prescribe; and in case any stockholder shall neglect payment for the…
2Cited by6 opinions
- Stern v. MayerSupreme Court of Minnesota · 1926
- Shelby County Railway Co. v. CrowMissouri Court of Appeals · 1909
- Walter A. Wood Harvester Co. v. JeffersonSupreme Court of Minnesota · 1894
- First National Bank v. SpearSouth Dakota Supreme Court · 1899
- American Mutual Farm & Dwelling House Fire Insurance v. KvanbeckSupreme Court of Minnesota · 1929
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