United States & Canada Land Co. v. Sullivan
Supreme Court of Minnesota
Action in the district court for Hennepin county to foreclose an alleged lien upon fifty shares of capital stock for $6,825, and for $640, by a sale of the stock.
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Action in the district court for Hennepin county to foreclose an alleged lien upon fifty shares of capital stock for $6,825, and for $640, by a sale of the stock. Among other matters the complaint alleged that on or about June 5, 1906, defendant Sullivan purchased from one John Schwager and Alvin Schwager ninety-one shares of the capital stock of plaintiff corporation, and paid therefor the sum of $2,275 from the moneys of the corporation then in his hands; that on or about July 5, 1906, Sullivan sold the stock to James O’Lauglilin for $9,100, and realized by this transaction a profit of…
1Opinion of the CourtBrown, J.
The short facts in this case, as appear from the allegations of the complaint, are as follows: Plaintiff is a corporation duly created and *29existing under the laws of the state. Defendant Sullivan was for a time the treasurer and a member of its board of directors, and the owner and holder of fifty shares of its capital stock. He is indebted to the corporation in an amount exceeding $6,000, which he has refused or neglects to pay. The corporation brought this action to recover the amount so due, and prays that it recover the same, and that the judgment therefor be declared a first lien upon…
2Cases cited12 opinions
- Cairo & Vincennes Railroad v. FackneyIllinois Supreme Court · 1875
- White River Savings Bank v. Capital Savings Bank & Trust Co.Supreme Court of Vermont · 1904
- Dempster Manufacturing Co. v. DownsSupreme Court of Iowa · 1904
- Farmers' & Traders' Bank v. HaneySupreme Court of Iowa · 1893
- Aldine Manufacturing Co. v. PhillipsMichigan Supreme Court · 1898
7 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Joseph P. Ruth, Sometimes Also Known as J. P. Ruth v. The Eagle-Picher Company, a CorporationCourt of Appeals for the Tenth Circuit · 1955
- Austro-Hungarian Consul v. G. A. WestphalSupreme Court of Minnesota · 1912
- Sullivan v. Minneapolis & Rainy River Railway Co.Supreme Court of Minnesota · 1913
- Geo. A. Hormel Company v. First National BankSupreme Court of Minnesota · 1927
- State Ex Rel. Decker v. MontagueSupreme Court of Minnesota · 1935
17 more not listed; retrieve them via the Exa API.