Meier v. Eaton
South Dakota Supreme Court
Appeal from 'Circuit Court, Faulk County; Hon. J. H. Bot-Tum, Judge. Action by S. S. Meier, receiver of the Faulk County Power Company, against A. J. Eaton and others. From a judgment against defendants Eaton and another, defendant Eaton appeals. Appellant cited: Thompkins v. Sperry et al, 54 Atl. 254, 7 . R. C. E., Sec. 53. Respondent cited: Telegraph v. Eoetscher, 127 la. 383, 4 Ann. Cases 667 and note; Bennett v. Havelock Electric Eight- & Power Co., 21 Ont.
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Appeal from 'Circuit Court, Faulk County; Hon. J. H. Bot-Tum, Judge. Action by S. S. Meier, receiver of the Faulk County Power Company, against A. J. Eaton and others. From a judgment against defendants Eaton and another, defendant Eaton appeals. Appellant cited: Thompkins v. Sperry et al, 54 Atl. 254, 7 . R. C. E., Sec. 53. Respondent cited: Telegraph v. Eoetscher, 127 la. 383, 4 Ann. Cases 667 and note; Bennett v. Havelock Electric Eight- & Power Co., 21 Ont. L. R. 120, 18 Ann. Cases 354 and note; Note 18 L. R. A. ('N. ’S.) 1106; Note 4 Ann. Cases 669; Note 17 Ann. Cases 269-270; 14 C. J.…
1Opinion of the CourtGates, J.
Action by a receiver of a corporation to recover secret profits-made by the incorporators, in turning over property to the corporation in exchange for corporate stock, and to recover •commissions paid by themselves as directors to themselves as individuals, for selling’ corporate stock to themselves.
The essential ultimate facts are that defendants,'pursuant to a plan to incorporate, bought an electric light plant at Faulkton from one McGraw, paying therefor $10,000 in cash, $5,000 in real estate, and $15,000 in promissory notes. They then organized the Faulk County Power Company with a…
2Cases cited19 opinions
- Old Dominion Copper Mining & Smelting Co. v. BigelowMassachusetts Supreme Judicial Court · 1909
- Old Dominion Copper Mining & Smelting Co. v. LewisohnSupreme Court of the United States · 1908
- Davis v. Las Ovas Co.Supreme Court of the United States · 1913
- Old Dominion Copper Mining & Smelting Co. v. BigelowMassachusetts Supreme Judicial Court · 1905
- Torphy v. City of Fall RiverMassachusetts Supreme Judicial Court · 1905
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3Cited by1 opinion
- Henderson v. Plymouth Oil Co.Supreme Court of Delaware · 1928