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Articles 631 - 637 of 637

Full-Text Articles in Bankruptcy Law

Corporations-Dissolution-Distributi0n Of Assets Between Holders Of Fully And Partially Paid Stock Dec 1930

Corporations-Dissolution-Distributi0n Of Assets Between Holders Of Fully And Partially Paid Stock

Michigan Law Review

On the insolvency of the Commonwealth Hotel Construction Co. and after, the creditors had been paid in full, there were assets on hand for distribution among the stockholders. The holders of partially paid stock requested that the assets be distributed in proportion to the amounts which the various stockholders had paid in. This in effect meant that the losses were to be proportional to the amounts paid in, instead of being proportional to the amounts which the stockholders had contracted to pay, and was resisted by the holders of fully paid stock as being inequitable. The chancellor (after holding in …

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Corporations-Dissolution-Distribution Of Assets Between Preferred And Common Stockholders Dec 1930

Corporations-Dissolution-Distribution Of Assets Between Preferred And Common Stockholders

Michigan Law Review

The Commonwealth Hotel Construction Co. became insolvent, and, after the creditors had been paid in full, the preferred and common stockholders disagreed to the distribution of the remaining assets. The articles of incorporation provided that the holders of preferred stock should be entitled to dividends at the rate of seven per centum per annum which should be cumulative "so that, if dividends for any past dividend period at the rate of seven per centum per annum shall not have been paid thereon or set apart therefor, the deficiency shall be fully paid or set apart, but without interest, before any …

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Corporations-Repurchase Of Its Own Shares By A Corporation In Performane Of A Promise Forming Part Of The Contract Of Sale May 1928

Corporations-Repurchase Of Its Own Shares By A Corporation In Performane Of A Promise Forming Part Of The Contract Of Sale

Michigan Law Review

One Rosenthal entered the employ of the defendant corporation for two years at a salary of $10,000.00 per year; $75.00 per week to be paid in cash, and the balance to be paid in stock of the corporation at the end of each year. The contract contained a proviso that if the parties could not, at the end of the second year, reach an understanding for a continuation of the employment, the company would repurchase its shares at their par value. No such agreement was reached, and the company refused to take back its stock. Rosenthal brought his bill in …

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Corporations-Default In Filing Annual Report Nov 1926

Corporations-Default In Filing Annual Report

Michigan Law Review

Several thousand corporations, domestic and foreign, organized for profit, doing business in Michigan, were startled by the decision of the supreme court of the state handed down in October, in the case of Mishke v. Eddy Realty Co. (not yet reported).

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Rights Of Margin Customers In Brokers' Failures, Jay T. Mccamic Dec 1925

Rights Of Margin Customers In Brokers' Failures, Jay T. Mccamic

West Virginia Law Review

No abstract provided.

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The "Trust Fund" Theory: A Study In Psychology, Hyman Zettler Oct 1925

The "Trust Fund" Theory: A Study In Psychology, Hyman Zettler

Washington Law Review

The trust fund doctrine was one of the most interesting judicial creations of the last half of the nineteenth century. It performed and still performs a very useful function, but it has suffered much from its unfortunate name. In some jurisdictions the result has been an undue curtailment of its functions; in others, an undue extension of them. The doctrine has apparently come in for its most extensive application in our own jurisdiction. Indeed, it is here reaching out for new fields. It is, therefore, important for us to know the real scope of the theory and whether it should …

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Preferential Assignments Of Insolvent Corporations, Allen T. Stewart Jan 1895

Preferential Assignments Of Insolvent Corporations, Allen T. Stewart

Historical Theses and Dissertations Collection

No abstract provided.

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