 | 1876 - 870 halaman
...these three cases, as well 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... | |
 | Illinois. Appellate Court, James Bolesworth Bradwell - 1883 - 722 halaman
...Brainerd v. Van 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... | |
 | 1883 - 632 halaman
...have, by a very fair resentation of authorities, based the claim against the stockholders upon the doctrine that the capital stock of a corporation is a trust fund which is liable for the claims of creditors, and the general proposition cannot of course be controverted.... | |
 | 1884 - 1062 halaman
...twothirds of its face value. Further facts appear in the opinion of the court. Opinion by 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... | |
 | 1917 - 1226 halaman
...no evidence nor offer of evidence that Pantages represented that he had paid cash for his stock. The doctrine that the capital stock of a corporation is a trust fund for the creditors, and that all stock must be paid for in money or money's worth (Lantz v; Moeller, 76 Wash.... | |
 | 1884 - 628 halaman
...contract ; otherwise how can the depositors be protected. Palmer v. Ridge Mining Co., 10 Casey, 290. The capital stock of a corporation is a trust fund for the protection of creditors, and this extends to the entire stock subscribed, and not merely to the percentage... | |
 | United States. Supreme Court - 1885 - 1072 halaman
...by the court. -'', CC Noursc, for plaintiff in error: It is a principle, now regarded as elementary, that the capital stock of a corporation is a trust fund for the benefit of the public, which deals with it and which becomes its creditors. Its amount is heralded... | |
 | Horace Gay Wood - 1885 - 758 halaman
...Subscribers for Stock at less than par value, Invalid when. — The stock subscribed in the capital of a corporation is a trust fund for the payment of its debts; therefore the creditors of a corporation have a right to insist that it shall be paid for in... | |
 | 1892 - 1150 halaman
...insolvency of the company, and before many of the debts to the other creditors were incurred. It is true that the capital stock of a corporation Is a trust fund for the security and payment of creditors, and that stockholders as such cannot withdraw or diminish any part... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1886 - 612 halaman
...all the creditors of the corporation. (Hodges V. Silver Hill Min. Co. 9 Oreg. 200.) But the unpaid stock of a corporation is a trust fund for the payment of the debts of the corporation. (Union Mutual Life Ins. Co. v. Frear Stone Manuf. Co. 97 111. 537; Sawyer... | |
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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... 
