Lawyers' Reports Annotated Bk. 29
Lawyers' Reports Annotated Bk. 29
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1 2* Vested liens upon the property of individ- uals and private corporations cannot be dis- placed by means of receiver's certificates.
(June 20, 1895.) \ PPEAL by defendants Hooper et aL from A a decree of the Circuit Court of Baltimore City dismissing tbeir cross-bill in a suit by the Central Trust Company to foreclose a mort- gage upon property of the Maryland Ice Com- pany. Recersed, The facts are stated in the opinion.
Messrs, Thomas M. Lanahan* John P.
^oe« and Frank Gosnell for appellan...ts.
Mesars, William Pinkney Whyte and Barton & Wilmer, for appellees: The slock by the contract between the com- pany and the holders was issued as full paid and non-assessable. Such a contract is bind- ing on the company.
Brant v. Ehlen, 59 Md. 24; Cratcford v.
Rohrer, Id. 604; Bickley v. .Schlaff, 46 N. J.
Eq. 533; Scocai v. Thai/er, 105 U. S. 143, 26 L. ed. 968; Cook, Stock & Stockholders, ^ 38.
Where actual fraud enters into the transac- tion, the person receiving the stock can be "Corapelled to return the stock or its market value, but the corporation cannot hold him li- able for the par value of the stock.
What to read after Lawyers' Reports Annotated Bk. 29?
You can find similar books in the "Read Also" column, or choose other free books by Lawyers Co-Operative Publishing Company to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
1 2* Vested liens upon the property of individ- uals and private corporations cannot be dis- placed by means of receiver's certificates.
(June 20, 1895.) \ PPEAL by defendants Hooper et aL from A a decree of the Circuit Court of Baltimore City dismissing tbeir cross-bill in a suit by the Central Trust Company to foreclose a mort- gage upon property of the Maryland Ice Com- pany. Recersed, The facts are stated in the opinion.
Messrs, Thomas M. Lanahan* John P.
^oe« and Frank Gosnell for appellan...ts.
Mesars, William Pinkney Whyte and Barton & Wilmer, for appellees: The slock by the contract between the com- pany and the holders was issued as full paid and non-assessable. Such a contract is bind- ing on the company.
Brant v. Ehlen, 59 Md. 24; Cratcford v.
Rohrer, Id. 604; Bickley v. .Schlaff, 46 N. J.
Eq. 533; Scocai v. Thai/er, 105 U. S. 143, 26 L. ed. 968; Cook, Stock & Stockholders, ^ 38.
Where actual fraud enters into the transac- tion, the person receiving the stock can be "Corapelled to return the stock or its market value, but the corporation cannot hold him li- able for the par value of the stock.
What to read after Lawyers' Reports Annotated Bk. 29?
You can find similar books in the "Read Also" column, or choose other free books by Lawyers Co-Operative Publishing Company to read onlineMoreLess
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