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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... "
The American State Reports: Containing the Cases of General Value and ... - Página 516
editado por - 1891
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Reports of Cases Decided in the Court of Appeals of the State of ..., Volumen3

New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Samuel Hand - 1850
...however, that the creditors have no remedy against stockholders who have not paid up their subscription. The capital stock of a corporation is a trust fund for the security of its creditors. (Case v. Grant, 15 Mass. 505 ; Spear v. Grant, 16 id. 92 ; Wood v. Dununer,...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volumen83

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 - 1891
...are stated in the opinion. Sweet & Perkins (Birney Hoyt, .of counsel), for complainant, contended: 1. The capital stock of a corporation is a trust fund for the benefit of its creditors; citing Wood v. Dummer, S Mason, 308; Spear v. Grant, 16 Mass. 9; Vose v. Grant, 15 Id. 517; Sanger...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volumen175

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
...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 benefit." This decision was rendered...
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Connecticut Reports: Containing Cases Argued and Determined in ..., Volumen49

Connecticut. Supreme Court of Errors - 1883
...high^st nature known to the law. Calhoun v. Richardson, 30 Conn., 210 ; Salmon v. Richardson, id., 360. The capital stock of a corporation is a trust fund for the benefit of creditors, and cannot be dealt with by the corporation or its directors in such a way as to defeat...
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The Albany Law Journal: A Monthly Record of the Law and the Lawyers, Volumen45

1892
...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 debts; its contention being that such a " bonus " issue of stock creates, in case of...
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Reports of Cases Argued and Determined in the Supreme Court of Ohio, Volumen87

Ohio. Supreme Court - 1913
...constant harmony with other jurisdictions, in holding that the property and assets of a corporation are a trust fund for the benefit of its creditors, and that, if misappropriated or diverted, the court will follow it as far as it can be traced. But the question...
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The National Bankruptcy Register Reports: Containing All the ..., Volumen12

William A. Shinn - 1875
...by-law by the officers or directors of the company, furnishes no rule for a construction by this court. The capital stock of a corporation is a trust fund for the benefit of its creditors, and no transfer thereof can be made by which, as to creditors of the company, a stockholder can relieve...
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The Central Law Journal, Volumen2

1875
...the company, furnishes no rule for a construction by this court. 6. Capital Stock л Trust Fund.— The capital stock of a corporation is a trust fund for the benefit of its creditors, and no transfer thereof can be made by which, as to creditors of the company, a stockholder can relieve...
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The Southern Law Review: And Chart of the Southern Law and ..., Volumen2

1876
...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....
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Reports of Cases Argued and Determined in the Circuit Court of United States ...

Jabez S. Holmes - 1877 - 564 páginas
...powers as to the dealings with trust estates. In Sawyer v. Ifoag, Mr. Justice Miller, speaking of the doctrine that the capital stock of a corporation is a trust fund for the benefit of the general creditors of the corporation as a doctrine of modern date, very pertinently adds: "When...
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