Langer v. Fargo Mercantile Co.
North Dakota Supreme Court
Appeal of both parties from the District Court of Cass County, Cole, J. “Before there can be -a de facto corporation, there must be a valid law under which a corporation may be formed, a bona fide attempt to incorporate under it, and an actual exercise of corporate powers.” Jennings v. Dark, 92 N. E. 778, 782, 175 Ind. 332; Gillette v. Aurora Ry. Co. 81 N. E. 1005, 1009, 228 111. 261; Marshall v. Reach, 81 N. E. 29, 227 111. 35; 118 Am. St. Rep. 247; 10 Ann.
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Appeal of both parties from the District Court of Cass County, Cole, J. “Before there can be -a de facto corporation, there must be a valid law under which a corporation may be formed, a bona fide attempt to incorporate under it, and an actual exercise of corporate powers.” Jennings v. Dark, 92 N. E. 778, 782, 175 Ind. 332; Gillette v. Aurora Ry. Co. 81 N. E. 1005, 1009, 228 111. 261; Marshall v. Reach, 81 N. E. 29, 227 111. 35; 118 Am. St. Rep. 247; 10 Ann. Cas. 164, citing American Trust Co. v. Minnesota & N. E. R. Co., 42 N. E. 153, 157, 111. 641; Bushnell v. Consolidated Ice Mach. Co. 27…
1Opinion of the CourtBirdzell, J.
This is an action by two stockholders against a dissolved corporation and the directors as trustees thereof. The relief sought is a judgment that the individual defendants, the directors, be charged as trustees of the property and assets of the old corporation; that they be required to account for the same; that a sale of the property and assets of the dissolved corporation to a new corporation of similar name be adjudged to be null and void; that the affairs of the old corporation be liquidated according to law; that a receiver, trustee, or trustees, be appointed to conserve the property;…
Also in this document: Concurrence.
2Cases cited17 opinions
- Geddes v. Anaconda Copper Mining Co.Supreme Court of the United States · 1921
- Harrigan v. GilchristWisconsin Supreme Court · 1904
- von Au v. MagenheimerAppellate Division of the Supreme Court of the State of New York · 1908
- Mason v. Pewabic Mining Co.Supreme Court of the United States · 1890
- Slater v. . SlaterNew York Court of Appeals · 1903
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3Cited by3 opinions
- Mills v. Tiffany's, Inc.Supreme Court of Connecticut · 1938
- Nave-McCord Mercantile Co. v. RanneyCourt of Appeals for the Eighth Circuit · 1928
- Bessel v. BethkeNorth Dakota Supreme Court · 1927