Farnsworth v. Muscatine Produce & Pure Ice Co.
Supreme Court of Iowa
Appeal from Muscatine District Court. — A. J. House, Judge. Suit in equity to establish a lien in favor of a creditor of a corporation upon property of the debtor corporation in the hands of a new corporation, to which it was transferred by the stockholders of the old corporation.
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Appeal from Muscatine District Court. — A. J. House, Judge. Suit in equity to establish a lien in favor of a creditor of a corporation upon property of the debtor corporation in the hands of a new corporation, to which it was transferred by the stockholders of the old corporation. The old stockholders, having purchased all the property of the old corporation and thereupon organized the new corporation, transferred to it all the property so purchased from the old corporation in consideration of stock received by them from the new corporation. Decree dismissing plaintiff’s petition in the court…
1Opinion of the CourtGaynor, J.
The plaintiff brought this action in equity to rescind the sale of certain stock purchased by her and her husband from the defendant company, and to recover the consideration paid. It was alleged in her petition that the officers of the company, for the purpose of inducing plaintiff and her husband to invest in the stock, made certain false and fraudulent representations; that they relied upon these representations and were induced to purchase the stock; that the representations were false, and so known to be by the defendant, and made for the purpose of inducing them to purchase the stock…
2Cases cited12 opinions
- Luedecke v. Des Moines Cabinet Co.Supreme Court of Iowa · 1908
- Bradley v. ChesebroughSupreme Court of Iowa · 1900
- Jones v. ChesebroughSupreme Court of Iowa · 1898
- State Trust Co. v. TurnerSupreme Court of Iowa · 1900
- First State Bank v. OelkeSupreme Court of Iowa · 1910
7 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Leach v. Iowa State Savings BankSupreme Court of Iowa · 1927
- Cox v. WaudbySupreme Court of Iowa · 1988
- Hoyt v. HampeSupreme Court of Iowa · 1925
- Andrew v. State Bank of New HamptonSupreme Court of Iowa · 1928
- Nelson v. Pampered Beef-Midwest, Inc.Supreme Court of Iowa · 1980
11 more not listed; retrieve them via the Exa API.