Allen v. Fulton
Wisconsin Supreme Court
Appeal from an order of tbe circuit court for Columbia county: Chestee A. Eowlee, Circuit Judge. Action to enforce a stockholder’s liability.
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Appeal from an order of tbe circuit court for Columbia county: Chestee A. Eowlee, Circuit Judge. Action to enforce a stockholder’s liability. On or about October 10, 1910, the defendant, a resident of this state, through transactions carried on entirely within this state, subscribed and paid for five shares of stock of the par value of $100 each in the O. W. Kerr Company, a Minnesota corporation that had not complied with the provisions of sec. 1770&, Stats. 1898, and of which company the plaintiff was appointed a receiver on the 13th day of March, 1915, because it was then hopelessly…
1Opinion of the CourtViNJE, J.
This appeal raises the question whether a resident of this state, who through transactions carried on wholly within it buys, pays for, and receives stock in a foreign corporation that has not complied with the provisions of sec. 17705, Stats., can, after he has owned and retained such stock for a number of years, be held upon the stock liability created by the state of domicile of the foreign corporation. The answer to the question depends upon whether his transactions with the corporation are rendered void by the provisions of sub. 10, sec. 17705; for it was held in Southwestern S. Co. v.…
2Cases cited2 opinions
- Southwestern Slate Co. v. StephensWisconsin Supreme Court · 1909
- Lanz-Owen & Co. v. Garage Equipment Manufacturing Co.Wisconsin Supreme Court · 1913
3Cited by3 opinions
- Good v. StarkerWisconsin Supreme Court · 1934
- Union Trust Co. of Maryland v. RodemanWisconsin Supreme Court · 1936
- Cox v. HansonWisconsin Supreme Court · 1930