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Articles 10471 - 10500 of 10759
Full-Text Articles in Law
Corporations-Tort Liability Of Independent Taxi Owners' Associations
Corporations-Tort Liability Of Independent Taxi Owners' Associations
Michigan Law Review
(a) In order to meet the competition of the large taxicab companies a number of taxi drivers owning their own cabs join together to advertise under a common name, establish a more efficient phone service, and secure the benefits of large-scale garage service. For this purpose a non-profit-sharing corporation is organized, to the expenses of which each driver contributes initiation fees and dues. (b) In order to avoid the liabilities which attend the ownership of cars one of the large taxi companies sells its cabs to the drivers. The drivers now pay the company a certain compensation in "dues" for …
Corporations -Accommodation Obligations - Effect Of "Guarantee" In Powers Section Of Statute
Corporations -Accommodation Obligations - Effect Of "Guarantee" In Powers Section Of Statute
Michigan Law Review
The court in the principal case recognized the general prohibition against corporate accommodation obligations but held the defendant liable on the theory of consent of the stockholders. With this portion of the opinion the writer has no quarrel. But exception is taken both to the interpretation given to the statute by the court and the accuracy of the principle relied upon, as expressed in the dictum quoted.
Corporations--Liability Of Stockholder In Non-Complying Foreign Corporation
Corporations--Liability Of Stockholder In Non-Complying Foreign Corporation
Michigan Law Review
The defendant was a stockholder in the A corporation, incorporated in Indiana to go business there, but carrying on its principal business in Tennessee where It had failed to comply with a law requiring foreign corporations to domesticate; Plaintiff, a holder of a trade acceptance on which the A corporation was primarily liable, sued defendant in Indiana, liability on the trade acceptance having been incurred in Tennessee. The A corporation being insolvent, plaintiff sought to hold the defendant personally liable on the ground that the failure of the corporation to comply with domestication statutes of Tennessee made its stockholders liable …
Partnership-Incorporation-Liability To Previous Creditors
Partnership-Incorporation-Liability To Previous Creditors
Michigan Law Review
The two defendants, partners in the operation of the Mulkey Motor Co., an automobile sales establishment, had indorsed promissory notes in the name of the firm and had sold them to the plaintiff. Later the defendants incorporated under the same name and continued to carry on the business as before. Thereafter the plaintiff, without knowledge of the incorporation, purchased from the defendants certain notes which were indorsed in the accustomed fashion. In an action against the defendants as partners, based on such indorsements of the latter notes, it was contended that the debt was that of the corporation. Held, …
Funds Available For Corporate Dividends In Washington [Part 2], Joseph Warren Greenough, Leslie J. Ayer
Funds Available For Corporate Dividends In Washington [Part 2], Joseph Warren Greenough, Leslie J. Ayer
Washington Law Review
No abstract provided.
The New Washington Business Corporation Act [Part 3], Leslie J. Ayer
The New Washington Business Corporation Act [Part 3], Leslie J. Ayer
Washington Law Review
No abstract provided.
Corporations-Qualifications Of Officers-Effect On Existing By-Laws Of Change In Statute
Corporations-Qualifications Of Officers-Effect On Existing By-Laws Of Change In Statute
Michigan Law Review
Corporate by-laws adopted under and following Act No. 84, Michigan Public Acts of 1921, required that directors be chosen from stockholders, the positions to become vacant should the directors dispose of their stock. In 1931 the statute was changed, now reading that "directors . . . need not be shareholders unless the articles so provide." The by-laws were not altered. Qualified directors subsequently disposed of their stock and petitioned the chancery court under the statute for dissolution of the corporation and appointment of a receiver. Appealing from an order granting that petition, creditors and stockholders of the corporation contended that …
The New Washington Business Corporation Act [Part 2], Leslie J. Ayer
The New Washington Business Corporation Act [Part 2], Leslie J. Ayer
Washington Law Review
No abstract provided.
Corporate Reorganizations-Can Securities Of The New Corporation Be Forced On Recalcitrant Creditors?
Corporate Reorganizations-Can Securities Of The New Corporation Be Forced On Recalcitrant Creditors?
Indiana Law Journal
No abstract provided.
Corporations - Right Of Minority Stockholders To Interfere In Corporate Management
Corporations - Right Of Minority Stockholders To Interfere In Corporate Management
Michigan Law Review
In determining the relationship between the majority and minority stockholders of a corporation, the courts are faced with the problem of striking a correct balance between the rights of the plaintiff stockholder, who alleges that he is being oppressed by the majority, and the rights of the majority, acting through the regular corporate machinery, who allege that the corporation is being harassed by a troublesome minority. It is necessary to protect the minority from the machinations of those in control; it is likewise necessary to protect the corporation, as controlled by the majority, from the blackmailer who holds a few …
Minority Stockholders And The Amendment Of Corporate Charters, Edward O. Curran
Minority Stockholders And The Amendment Of Corporate Charters, Edward O. Curran
Michigan Law Review
Professor Dodd has remarked that "few branches of corporation law are in a more confused and unsatisfactory state than that relating to the right of minority stockholders to prevent amendments to the corporate charter, to which they have not given their assent, from becoming operative." One of the reasons for this confusion is the fact that some of the cases which still serve as precedents were decided at a time when it was not the usual practice to reserve the power to alter, amend, or repeal corporate charters. The principles of these early cases have been carried over and applied …
Corporations - Attacks On Salaries Paid To Corporate Executives
Corporations - Attacks On Salaries Paid To Corporate Executives
Michigan Law Review
In October, 1933, the former president and chairman of the governing board of one of the world's greatest banks appeared before the Senate Committee on Banking and Currency, in Washington. During the course of the testimony, it was revealed that through the years 1929-33 this executive had received from his bank upwards of $1,100,000 in salary, bonus, and extra compensation. For the two years immediately past, he had served as a director in fifty-nine other corporations, from one of which he had at one time received a salary of $40,000 a year for services as director only, and from another …
Corporations - Duty Of Director To Stockholder On Stock Exchange Sales
Corporations - Duty Of Director To Stockholder On Stock Exchange Sales
Michigan Law Review
The recent case of Goodwin v. Agassiz presents the problem of the duty owed by a director to existing and prospective stockholders in its most typical and difficult form. The defendants were president and general manager, respectively, as well as directors of the Cliff Mining Corporation which owned mineral lands in Northern Michigan. The stock of the corporation was listed on the Boston Stock Exchange. The defendants in their capacity of directors had knowledge of a geologist's report which forecast possible existence of copper deposits in the corporation's lands. The defendants were also directors of another mining corporation owning lands …
Conflict Of Laws-Foreign Corporations-Stockholder's Individual Liability
Conflict Of Laws-Foreign Corporations-Stockholder's Individual Liability
Indiana Law Journal
No abstract provided.
Corporations - Identity As Basis For Enforcing Contract Of Predecessor Against Successor - Fraud
Corporations - Identity As Basis For Enforcing Contract Of Predecessor Against Successor - Fraud
Michigan Law Review
The stockholders and officers of the Old South Engraving Company, wishing to escape a contract whereby that corporation was bound to hire only union labor, organized the Old South Photoengraving Corporation which purchased the business of the Engraving Company, giving therefor 9,000 of the issue of 12,000 no-par shares and issuing the rest to the stockholders of the Engraving Company in proportion to their holdings therein. It was announced that the Engraving Company would cease operating Saturday, June 4, and employees were given due notice. On Monday, June 6, the new company began operating at the same location with non-union …
Partnership - Declaration Of Trust - Stipulation Against Personal Liability
Partnership - Declaration Of Trust - Stipulation Against Personal Liability
Michigan Law Review
Plaintiff, the payee of a note of a Texas unincorporated association, sought to hold the defendant shareholders liable as partners. The articles of association provided for trustees to hold and manage the association property, but reserved powers in the shareholders so the latter could: (I) increase capital stock, (2) annually elect the trustees and annually increase or diminish the number of trustees, (3) repeal or amend any of the articles of association, (4) order trustees to call special meetings, (5) remove trustees and subject them to shareholders' orders at all times, ( 6) transact such business as they might inaugurate …
The New Washington Business Corporation Act—Reserved Power Of Legislature To Change, Leslie J. Ayer
The New Washington Business Corporation Act—Reserved Power Of Legislature To Change, Leslie J. Ayer
Washington Law Review
The new Washington Domestic and Foreign Corporation Act was enacted by the State of Washington at the session of its Legislature convened January 9, and adjourned March 9, 1933. The Act was approved by the Governor on March 21, 1933, and by an express provision therein became effective on and after January 1, 1934. The Act is patterned upon the Uniform Business Corporation Act and may be cited as such. The history of, and the consideration given to, the drafting of this Act is treated in a note introductory to the draft originally submitted to the Legislature, published in an …
The Corporation License Tax In Kentucky, David H. Mckinney
The Corporation License Tax In Kentucky, David H. Mckinney
Kentucky Law Journal
No abstract provided.
The Effect Of Merger Or Consolidation On The Succession Of Corporate Fiduciaries, Edward J. Fruchtman
The Effect Of Merger Or Consolidation On The Succession Of Corporate Fiduciaries, Edward J. Fruchtman
Kentucky Law Journal
No abstract provided.
Corporations. Ultra Vires Liability For Acts Within Apparent Scope Of Authority Of Agents, J. Mapother
Corporations. Ultra Vires Liability For Acts Within Apparent Scope Of Authority Of Agents, J. Mapother
Kentucky Law Journal
No abstract provided.
Capitalism, The United States Constitution And The Supreme Court, Hugh Evander Willis
Capitalism, The United States Constitution And The Supreme Court, Hugh Evander Willis
Articles by Maurer Faculty
No abstract provided.
Corporations And The United States Constitution, Hugh Evander Willis
Corporations And The United States Constitution, Hugh Evander Willis
Articles by Maurer Faculty
No abstract provided.
The Power Of A West Virginia Corporation To Deprive Classes Of Its Stock Of The Right To Vote For The Election Of Directors Or Managers, Melvin G. Sperry
The Power Of A West Virginia Corporation To Deprive Classes Of Its Stock Of The Right To Vote For The Election Of Directors Or Managers, Melvin G. Sperry
West Virginia Law Review
No abstract provided.
Corporations - Pledge Of Stock - Statutory Liability Of Pledgee
Corporations - Pledge Of Stock - Statutory Liability Of Pledgee
Michigan Law Review
The owner of shares of bank stock pledged them to defendant corporation to secure a loan. Defendant had the bank issue a new certificate to it in its own name. On the failure of the bank plaintiffs, creditors, sought to hold defendant for "double" liability under statute. Held, under the Montana statute providing that pledgees should not be personally liable as stockholders, defendant was not liable despite the fact that the bank's records did not show it to be a pledgee. Mitchell v. Banking Corp. of Montana, (Mont. 1933) 24 Pac. (2d) 124.
Corporations - Pre-Emptive Rights In Treasury Shares
Corporations - Pre-Emptive Rights In Treasury Shares
Michigan Law Review
Plaintiff, a former shareholder, sued the directors of a corporation for damages arising out of their alleged refusal to allow him pre-emptive rights in stock that had been issued, re-purchased by the corporation from the shareholders, and re-issued by the defendant-directors to themselves. Upon appeal from an order dismissing the complaint for insufficiency, held, that the order be reversed on the law. Hammer v. Werner, (App. Div. 1933) 265 N. Y. S. 172.
Constitutionality Of Non-Voting Stock, Jack C. Burdett
Constitutionality Of Non-Voting Stock, Jack C. Burdett
West Virginia Law Review
No abstract provided.
Monopolies--Producers' Coal Sales Agency And The Sherman Act, Donald F. Black
Monopolies--Producers' Coal Sales Agency And The Sherman Act, Donald F. Black
West Virginia Law Review
No abstract provided.
The Holding Company, Jeff B. Fordham
Corporations - Dissenting Stockholder's Suit -Conditional Decree
Corporations - Dissenting Stockholder's Suit -Conditional Decree
Michigan Law Review
The directors and majority stockholders of a Minnesota mining corporation which. needed financing were also the directors and majority stockholders of another Minnesota mining corporation which had a large surplus. They decided to consolidate the two in order to finance the one, offering the stockholders of each corporation a share for share exchange, which would result in the stockholders of the unsuccessful corporation having a 9/16 control of the consolidated corporation. Dissenting stockholders, holding 18/100 of 1% of the total stock in the successful corporation, brought a bill to restrain the consolidation and to have a receiver appointed to take …
Trusts - For Employees - Definiteness Of Cestui
Trusts - For Employees - Definiteness Of Cestui
Michigan Law Review
The testator by his last will and testament devised a saw mill owned by him to certain trustees, the will reading, "I suggest that my said trustees sell the mill" for a specified price about half the estimated value of the property to a corporation to be organized by "my employees." There was a further provision reading, "I suggest that all the employees who have been in my employment for five years or longer should hold stock in such corporation, should they so desire in such proportions as my trustees shall presence." After the corporation had been organized, the incorporators …