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Full-Text Articles in Law
Reed V. Norman, Jesse W. Carter
Reed V. Norman, Jesse W. Carter
Jesse Carter Opinions
The presence of a defunct corporation in a derivative action could have been dispensed with when the circumstances warranted such an exercise of the court's equitable powers.
Automotriz Del Golfo De California S. A. De C. V. V. Resnick [Dissent], Jesse W. Carter
Automotriz Del Golfo De California S. A. De C. V. V. Resnick [Dissent], Jesse W. Carter
Jesse Carter Opinions
In determining whether the buyers could escape personal liability for debts due to the seller, the trial court was entitled to consider the failure to issue any stock and the buyers' creation and operation of the business with little or no capital.
Section 4 Of The Bankruptcy Act: The Excluded Corporations, Michael I. Sovern
Section 4 Of The Bankruptcy Act: The Excluded Corporations, Michael I. Sovern
Faculty Scholarship
Section 4 of the Bankruptcy Act excludes from both voluntary and involuntary bankruptcy municipal, railroad, insurance and banking corporations and building and loan associations, and excludes from involuntary bankruptcy corporations that are not "moneyed, business or commercial." The exclusion of railroad and municipal corporations lost much of its significance when special reorganization provisions were enacted for those corporations. Insurance and banking corporations and building and loan associations, on the other hand, are excluded from the Bankruptcy Act's corporate reorganization chapters as well as from straight bankruptcy; and creditors can no more compel a corporation that is not moneyed, business or …