Legal Opinion
Bailey v. Bush Terminal Co.
New York Supreme Court
Decided September 28, 1942PublishedCited by 5 opinions
1Opinion of the CourtWalter, J.
Directors of Bush Terminal Company successfully defended an action brought against them by a trustee of that corporation to hold them personally liable for having paid dividends out of capital in violation of section 58 of the Stock Corporation Law. (Randall v. Bailey, 23 N. Y. Supp. [2d] 173;. affd., 262 App. Div. 844; affd., 288 N. Y. 280.) They now bring this proceeding, by petition and order to show cause, to have the court assess against the corporation the expenses to which they were put in making such successful defense, and the corporation moves to dismiss.
After the entry of the…
2Cases cited35 opinions
- Calder v. BullSupreme Court of the United States · 1798
- Welch v. HenrySupreme Court of the United States · 1938
- Milliken v. United StatesSupreme Court of the United States · 1931
- Graham & Foster v. GoodcellSupreme Court of the United States · 1931
- Jacobus v. . ColgateNew York Court of Appeals · 1916
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3Cited by5 opinions
- Bailey v. BaileyAppellate Division of the Supreme Court of the State of New York · 1943
- Yoli v. YoliNew York Supreme Court · 1967
- Anonymous v. AnonymousNew York City Family Court · 1963
- Wolf v. AtkinsonNew York Supreme Court · 1944
- Hamberg v. Guaranteed Mortgage Co.New York Supreme Court · 1942