Hammer v. Cash
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Vernon county: E. C. Higbee, Circuit Judge. This is a stockholders’ action for the cancellation of stock alleged to have been fraudulently issued by certain of the officers of the Hillsboro & Northeastern Railway Company, and to declare void the election of directors of said corporation on the 10th day of December, 1918. The Hillsboro & Northeastern Railway Company was organized as a Wisconsin railway corporation in 1901, with…
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Appeal from a judgment of the circuit court for Vernon county: E. C. Higbee, Circuit Judge. This is a stockholders’ action for the cancellation of stock alleged to have been fraudulently issued by certain of the officers of the Hillsboro & Northeastern Railway Company, and to declare void the election of directors of said corporation on the 10th day of December, 1918. The Hillsboro & Northeastern Railway Company was organized as a Wisconsin railway corporation in 1901, with a capital stock of $50,000, consisting of 500 shares of the par value of $100 each. In November, 1910, the articles of…
1Opinion of the CourtOwen, J.
Appellants attempt to vindicate their title to the stock issued to them in December, 1918, upon the ground that they had the absolute right to purchase the amount of the increased stock provided for by the resolution of November 13, 1915, proportionate to the amount of stock held by them prior to the adoption of said resolution. It is firmly established as the law of this state by Luther v. C. J. *189Luther Co. 118 Wis. 112, 94 N. W. 69, and Dunn v. Acme A. & G. Co. 168 Wis. 128, 169 N. W. 297, that upon an increase of the capital stock of a corporation a stockholder is entitled to retain and…
2Cases cited2 opinions
- Luther v. C. J. Luther Co.Wisconsin Supreme Court · 1903
- Dunn v. Acme Auto & Garage Co.Wisconsin Supreme Court · 1918
3Cited by9 opinions
- United States v. Fred G. AmickCourt of Appeals for the Seventh Circuit · 1971
- Steven v. Hale-Haas Corp.Wisconsin Supreme Court · 1946
- State Ex Rel. Weede v. BechtelSupreme Court of Iowa · 1948
- Rychwalski v. BaranowskiWisconsin Supreme Court · 1931
- Milwaukee Sanitarium v. LynchWisconsin Supreme Court · 1941
4 more not listed; retrieve them via the Exa API.