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- Bartlett v. Smith (1)
- Capital stock (1)
- Collodion papers (1)
- Delaware (1)
- Dividends (1)
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- Eastman Kodak Company (1)
- Fraud (1)
- Guarantee Trust Co. v. Dilworth Coal Co. (1)
- Insolvency (1)
- Johnson v. Louisville Trust Co. (1)
- Liability (1)
- New Jersey (1)
- Pasotti v. United States Guardian Corp. (1)
- Preferred stock (1)
- Thoms v. Sutherland (1)
- Trust fund theory (1)
- United States Alien Property Custodian (1)
- Vereinigte Fabriken Photagraphischer Papiere of Dresden (1)
Articles 1 - 3 of 3
Full-Text Articles in Business Organizations Law
Corporations - Obligation To Refund Dividends Paid Out Of Capital
Corporations - Obligation To Refund Dividends Paid Out Of Capital
Michigan Law Review
The general rule is fairly well established that, where dividends are paid, in whole or in part, out of the capital stock, corporate creditors, being such when the dividend was declared, or becoming such at any subsequent time, may, to the extent of their claims, if such claims are not otherwise paid, compel the stockholders to whom the dividend has been paid to refund whatever portion of the dividend was taken out of the capital stock. This, however, has been modified in the federal courts to the extent that where the dividend, although paid entirely out of capital, was received …
Corporations -Apportionment Of Part Payment Of Purchase Price Of Stocks Bought In A Unit
Corporations -Apportionment Of Part Payment Of Purchase Price Of Stocks Bought In A Unit
Michigan Law Review
The defendant corporation entered into contracts for the sale of stock in blocks of three shares, two shares of first preferred at fifty dollars each par value and one share of second preferred at fifty dollars par value, the three shares to be sold in a unit for one hundred and thirty-five dollars. The contract contained an agreement that after six monthly payments had been made on the stock, upon default of the remaining payments the corporation would issue certificates of indebtedness for the amount paid in. In the dissolution of the corporation and the distribution of the assets, the …
Corporations - Issue Of Stock
Michigan Law Review
The Eastman Kodak Company, a New Jersey corporation, entered into a contract with Vereinigte Fabriken Photagraphischer Papiere of Dresden, a German corporation, whereby it was agreed that the German company would discontinue the manufacture and sale of "Collodion papers" in North America, Great Britain, France, Spain, and Portugal and that those territories would be given over exclusively to the Eastman Company for the manufacture and sale of this paper. In consideration of this concession the Eastman Company issued 28,450 shares of its no par stock to the German company. This stock was later seized by the United States Alien Property …