United States Vinegar Co. v. Schlegel
New York Court of Appeals
Appeal from judgment of the General Term of the Supreme Court in the first judicial department, entered upon an order made February 17, 1893, which overruled defendant’s exceptions and ordered judgment in favor of plaintiff on verdict directed by the court.
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Appeal from judgment of the General Term of the Supreme Court in the first judicial department, entered upon an order made February 17, 1893, which overruled defendant’s exceptions and ordered judgment in favor of plaintiff on verdict directed by the court. This action was brought by plaintiff, a corporation organized under the laws of Illinois, to recover an unpaid subscription to its stock by defendant, who is a resident of this state, and was one of plaintiff’s incorporators and original subscribers to its capital stock. The facts, so far as material, are stated in the opinion. The…
1Opinion of the CourtO’Brien, J.
The trial court directed a verdict for the plaintiff for the amount which the defendant had duly subscribed as a shareholder of the plaintiff’s capital stock, to. recover which the action was brought. There is no dispute about the fact that the defendant did subscribe in writing for twenty shares of the capital stock, for which he agreed to pay $2,000. The plaintiff, before this action was commenced, had incurred debts and become insolvent, and subsequently went into the hands of a receiver. The defense stated in the answer is substantially that the plaintiff was incorporated for the illegal…
2Cases cited5 opinions
- Martin v. MottSupreme Court of the United States · 1827
- Munson v. Syracuse, Geneva & Corning R. R. Co.New York Court of Appeals · 1886
- Demarest v. . FlackNew York Court of Appeals · 1891
- Commercial Bank of Keokuk v. . PfeifferNew York Court of Appeals · 1888
- Demings v. Supreme Lodge, Knights of Pythias, of the WorldNew York Court of Appeals · 1892
3Cited by15 opinions
- Joint Stock Co. v. National City BankNew York Court of Appeals · 1925
- Rubinstein Bros. v. Olé of 34th Street, Inc.Civil Court of the City of New York · 1979
- Clark-Franklin-Kingston Press, Inc. v. RomanoConnecticut Appellate Court · 1987
- O'Reilly v. GreeneNew York Supreme Court · 1896
- United States Vinegar Co. v. FoehrenbachNew York Court of Appeals · 1895
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