Lee v. Fisk
Massachusetts Supreme Judicial Court
Tort by the members of a committee of the holders of the preferred stock of the Knox Automobile Company, a corporation, against the administrators of the estate of Alfred N. Mayo, late of Springfield, who at the time of the acts complained of and until his death on June 26, 1912, was the treasurer and a director of the Knox Automobile Company.
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Tort by the members of a committee of the holders of the preferred stock of the Knox Automobile Company, a corporation, against the administrators of the estate of Alfred N. Mayo, late of Springfield, who at the time of the acts complained of and until his death on June 26, 1912, was the treasurer and a director of the Knox Automobile Company. Writ dated June 30, 1914. The declaration, after alleging contracts of the corporation to pay dividends to its preferred stockholders from the net proceeds in its hands, alleged, among other things, “that said Mayo, with full knowledge of the existence…
1Opinion of the CourtPierce, J.
Before July 31, 1910 [in 1907], in accordance with the provisions of an amended agreement of association, the Knox Automobile Company entered upon a plan of reorganization whereby the company issued to its creditors preferred shares of stock. One of the terms, conditions and obligations under which this stock was issued, as appears upon the certificates representing such shares, was that “The holder of this certificate is entitled to receive in each year out of the surplus net proceeds of the corporation a dividend of eight (8) per centum, per annum, payable four (4) per cent semiannually on…
2Cases cited7 opinions
- Warren v. Para Rubber Shoe Co.Massachusetts Supreme Judicial Court · 1896
- Flynn v. ButlerMassachusetts Supreme Judicial Court · 1905
- Field v. Lamson & Goodnow Manufacturing Co.Massachusetts Supreme Judicial Court · 1894
- Page v. Whittenton Manufacturing Co.Massachusetts Supreme Judicial Court · 1912
- Boston Safe Deposit & Trust Co. v. AdamsMassachusetts Supreme Judicial Court · 1914
2 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Lydia E. Pinkham Medicine Co. v. GoveMassachusetts Supreme Judicial Court · 1939
- Anderson v. BeanMassachusetts Supreme Judicial Court · 1930
- Refrigeration Discount Corp. v. CatinoMassachusetts Supreme Judicial Court · 1953
- Bethlehem Fabricators, Inc. v. H. D. Watts Co.Massachusetts Supreme Judicial Court · 1934
- Hurley v. Boston Railroad Holding Co.Massachusetts Supreme Judicial Court · 1944
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