W. F. Johnson & Co. v. Christie
Missouri Court of Appeals
Appeal from the Jackson Circuit Court. — Hon. J. W. Henry, Judge. Where a wife receives a gift of a corporate name and the insolvent but experienced husband proceeds under that name to increase its value $10,000 and more, by the accumulation of property due to his skill, etc., and in excess of reasonable support for family in the interval, the corporate shares may be levied on by his creditors.
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Appeal from the Jackson Circuit Court. — Hon. J. W. Henry, Judge. Where a wife receives a gift of a corporate name and the insolvent but experienced husband proceeds under that name to increase its value $10,000 and more, by the accumulation of property due to his skill, etc., and in excess of reasonable support for family in the interval, the corporate shares may be levied on by his creditors. Otherwise he might so operate throughout his whole life, without any incentive ever to accumulate for himself or creditors. The form of drawing more or less regular salary (which is by law exempt) does…
1Opinion of the CourtEllison, J.
Plaintiffs are judgment creditors of C.C. Christie and had an execution levied upon a certificate for two hundred and forty-nine shares of stock in a “commission company,” an institution engaged in what is commonly known as a “bucket shop” business in Kansas City. The stock levied on may be said for the purposes of this case to be a reinvestment of profits made in a similar institution theretofore existing, known as the W. A. Michael Commission Company. Edna O. Christie, who is the wife of C. O. Christie, the judgment debtor, made claim to the stock as her individual and separate property. On…
2Cases cited7 opinions
- Osborne v. . WilkesSupreme Court of North Carolina · 1891
- Lachman v. MartinIllinois Supreme Court · 1891
- Third National Bank v. GuentherNew York Court of Appeals · 1890
- Aldridge v. MuirheadSupreme Court of the United States · 1880
- Boggess v. Richards's Adm'rWest Virginia Supreme Court · 1894
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3Cited by2 opinions
- East St. Louis Ice & Cold Storage Co. v. Herman H.Supreme Court of Missouri · 1911
- Hibbard v. HeckartMissouri Court of Appeals · 1901