 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1914 - 828 halaman
...does not depend upon any express statute granting it, but rests upon the general equitable doctrine that the capital of a corporation is a trust fund for the benefit of its creditors, and that those to whom it has been refunded will be held trustees for their... | |
 | 1892 - 582 halaman
...thresher company however plants itself upon the so-called " trust-fund " doctrine that the capital stock of a corporation is a trust fund for the payment of its debts; its contention being that such a " bonus " issue of stock creates, in case of the subsequent... | |
 | 1876 - 860 halaman
...as Scammon v. Kimball, follow the principle of Sawyer v. Hoag, 17 Wall. 610, that the capital stock of a corporation is a trust fund for the payment of its debts to its creditors, which must in all cases be applied to that purpose pro rata. Others of the... | |
 | Austin Abbott - 1878 - 592 halaman
...certificate of the stock subjects the holder to the liabilities of a stockholder. The capital stock of a corporation is a trust fund for the payment of its debts, and the directors of the corporation, who are the trustees of the fund, will not be permitted... | |
 | 1881 - 1900 halaman
...Russell, for complainant. CA Kent and F, A. Baker, for defendants. BROWN, DJ That the capital stock of a corporation is a trust fund for the payment of its debts, and that the law implies a promise by the subscribers of stock to pay its par value, which in... | |
 | 1904 - 1126 halaman
...void. In discussing this principle in his work on Corporations, Mr. Thompson says : "If the doctrine that the capital of a corporation Is a trust fund for the security of Its creditors Is any more than an empty and Idle collection of words, then the principle... | |
 | United States. Circuit Court (1st Circuit), William Henry Clifford - 1880 - 728 halaman
...questioned after the numerous decisions by the Supreme Court of the United States. The capital stock of a corporation is a trust fund for the payment of its debts, publicly pledged to all who deal with it. Ogilvie v. Insurance Company, 22 How. 387. » It is... | |
 | 1881 - 628 halaman
...without paying debts — Consequent liability of stockholders — How the liability is to be enforced. The capital of a corporation is a trust fund for the payment of creditors; stockholders who diminish that fund I>y distribmion among themselves, without first providing... | |
 | Nathan Howard (Jr.), Rowland M. Stover - 1882 - 666 halaman
...and see Wintringham agt. Wintringham, 20 <7oAw., 297). It is suggested, however, that the property of a corporation is a trust fund for the payment of its debts, and that whenever it has been wrongfully and fraudulently diverted, creditors may reach and... | |
 | Illinois. Appellate Court, James Bolesworth Bradwell - 1883 - 722 halaman
...Kuren, 22 low.-i 226; Hughes v. Corey, 20 Iowa, 399; Stevens v. Dilhnan, 86 II1. 233. The capital stock of a corporation is a trust fund for the payment of its debts: Ogilvie v. Ins. Co. 22 How. 387. A corporation can not give away its stock and issue paid up... | |
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As a creditors' bill, in the ordinary sense, the complaint is manifestly insufficient. The thresher company, however, plants itself upon the so-called "trust-fund" doctrine .that the capital stock of a corporation is a trust fund for the payment of its... 
