Chandler v. Keith
Supreme Court of Iowa
Appeal from Benton District Oov/rt. This is an action at law, in which the plaintiff alleges that he was duly appointed receiver of the Lamar Insurance Co., by the Superior Court of Cook county, in the State of Illinois, in an action brought in said court against said insurance company, by Edward and E. R. Burnham, on the 23d day of November, 1872; that said insurance company in April, 1870, complied with the laws -of Iowa, and established a branch office at Cedar Rapids,…
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Appeal from Benton District Oov/rt. This is an action at law, in which the plaintiff alleges that he was duly appointed receiver of the Lamar Insurance Co., by the Superior Court of Cook county, in the State of Illinois, in an action brought in said court against said insurance company, by Edward and E. R. Burnham, on the 23d day of November, 1872; that said insurance company in April, 1870, complied with the laws -of Iowa, and established a branch office at Cedar Rapids, Iowa, and became thereby virtually a corporation under the laws of this State, although originally incorporated under the…
1Opinion of the Court
Miller, Ch. J.
It will be seen that the defendant had paid the several installments, amounting to twenty per cent on his stock, in the manner stipulated in the obligation sued on, and that this action is brought to recover the balance, being eighty per cent of the stock purchased by the defendant. By the terms of the contract, this balance was “ subject to the call of the directors as they may be instructed by the majority of the stockholders represented at any regular meeting.” It is not claimed that the directors have acted in the premises or made any call or assessment upon the shares of…
2Cases cited2 opinions
- American Insurance v. SchmidtSupreme Court of Iowa · 1865
- Warner v. BeemSupreme Court of Iowa · 1873
3Cited by5 opinions
- Jeffery v. . SelwynNew York Court of Appeals · 1917
- State ex rel. Havner v. Des Moines Union Stock Yards Co.Supreme Court of Iowa · 1924
- Simmons v. TaylorTennessee Supreme Court · 1901
- Covell v. FowlerU.S. Circuit Court for the Northern District of Illnois · 1906
- McLaughlin v. O'NeillWyoming Supreme Court · 1897