Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Massachusetts (2)
- Stocks (2)
- Agency (1)
- Articles of incorporation (1)
- Bona fide purchasers (1)
-
- Capital stock (1)
- Common stock (1)
- Coupon junior income bonds (1)
- Distribution of assets (1)
- Dividends (1)
- Gruntal v. National Security Co. (1)
- Holders in due course (1)
- In re Etael's Estate (1)
- Interest rates (1)
- Iowa (1)
- Joslin v. Boston & M. R.R. (1)
- Liquidation (1)
- Missouri (1)
- Murphy v. Richardson Dry Goods Co. (1)
- Negotiable bonds (1)
- New York (1)
- Property improvements (1)
- Sears et al v. Greater New York Development Co. (1)
- Stock Exchange (1)
- Stockholder rights (1)
- Until paid (1)
- Widows (1)
- Wills (1)
- Publication
Articles 1 - 7 of 7
Full-Text Articles in Law
Corporations - Rate Of Interest On Bonds And Interest Coupons After Maturity
Corporations - Rate Of Interest On Bonds And Interest Coupons After Maturity
Michigan Law Review
Defendant issued a series of coupon junior income bonds with interest at 5 per cent payable from income at such times as directors deemed prudent. The bonds and some of the coupons not having been paid at maturity, defendant maker redeemed them thereafter with interest to the redemption date at the contract rate (5 per cent). Plaintiff, holder of bonds and coupons, sues to recover the legal rate of interest (6 per cent) after maturity of bonds and coupons. Held, (1) The local law where payable will be followed as to interest on the bond after maturity (in Massachusetts …
Corporations-Dividends On Non-Cumulative Preferred Stock
Corporations-Dividends On Non-Cumulative Preferred Stock
Michigan Law Review
Plaintiff held non-cumulative preferred stock in the defendant corporation. From 1925 through 1928 no dividends were declared upon this stock; although earnings were sufficient they were used instead for property improvements. Since 1928, dividends have been paid regularly on this stock at the specified rate. In 1930 a dividend was declared on the common stock. Plaintiff sued to have this amount paid instead as a dividend on the preferred stock, and to enjoin any payment of dividends on the common stock until full dividends were paid on the non-cumulative preferred stock for the period from 1925 to 1928. Held, …
Equity--Subjecting Corporate Stocks To An Equitable Servitude, James A. Mcwhorter
Equity--Subjecting Corporate Stocks To An Equitable Servitude, James A. Mcwhorter
West Virginia Law Review
No abstract provided.
Principal And Agent--Accounting For Personal Profits Made By Agent Withholding Information From Principal, August W. Petroplus
Principal And Agent--Accounting For Personal Profits Made By Agent Withholding Information From Principal, August W. Petroplus
West Virginia Law Review
No abstract provided.
Brokers-Liability In Conversion For Sale Of Stolen Bonds
Brokers-Liability In Conversion For Sale Of Stolen Bonds
Michigan Law Review
Plaintiffs, brokers, sold on the Exchange as agents for a supposedly reputable customer, certain negotiable bonds. Purchasers, upon learning that the bonds had been stolen, returned them to the plaintiffs who, pursuant to a rule of the Exchange, substituted other bonds of unquestioned title. In an action by the plaintiffs against an insurance company, subrogated to the rights of the original owners, for a declaration of ownership, held, for the plaintiffs. Gruntal v. National Security Co. (N. Y., Nov., 1930) 173 N.E. 682.
Trusts-Stock Dividends-Apportionment Between Life Estate And Corpus
Trusts-Stock Dividends-Apportionment Between Life Estate And Corpus
Michigan Law Review
The will of the testator gave his widow a life estate in all his property. The estate contained, inter alia, shares of the capital stock of a corporation. After several years the corporation was dissolved, and a "dissolution dividend" was declared which distributed to each stockholder a pro rata share of the proceeds of the sale of all the assets of the corporation. The question in the case was whether any, and if so, how much, of this dividend was to go to the life tenant. It was shown that the earnings of the corporation had been paid out regularly …
Corporations--Cumulative Preferred Stock-Effect Of By-Laws
Corporations--Cumulative Preferred Stock-Effect Of By-Laws
Michigan Law Review
An action was brought by preferred stockholders, during voluntary liquidation of a corporation, for payment of dividends, alleged to be cumulative, which had been passed on account of deficits during the two preceding years. The statutory provision giving the power to issue stock required the articles of incorporation to indicate, when any of the stock was preferred, whether or not the dividends should be cumulative. The articles stipulated that the preferred stock should be entitled to a six per cent dividend out of the net yearly income before any dividend should be paid on the common stock. A by-law, adopted …