 | New Jersey. Court of Chancery - 1882 - 638 pages
...and Navigation Co. v. Central Railroad Co. of New Jertey, 349 2. Subscriptions to capita] stock are a trust fund for the payment of the debts of the corporation. The trust is created for the benefit of creditors as a class. All the creditors of the corporation... | |
 | Georgia. Supreme Court - 1850 - 660 pages
...may be referred that class of cases, where the stock, and other property of private corporations, is deemed a trust fund, for the payment of the debts of the corporation. So, that the ereditors have a lien or right of priority of payment on it, in preference to any of the stockholders... | |
 | Pennsylvania. Court of Common Pleas (Philadelphia County) - 1853 - 612 pages
...equity : it has been argued for the plaintiffs that the capital stock of incorporated companies is a trust fund for the payment of the debts of the corporation, and may be followed by the creditors into the hands of the subscribers. But, assuming for the present... | |
 | Georgia. Supreme Court - 1871 - 860 pages
...no right to compel the stockholders to refund the dividends for their benefit. The capital stock was a trust fund for the payment of the debts of the corporation, upon the faith of which alone the law presumes the credit was given, unless other security was taken... | |
 | Nathan Howard (Jr.) - 1876 - 650 pages
...It is a familiar principle in equity jurisprudence, that the stock and property of a corporation is deemed a trust fund for the payment of the debts of the corporation, and that creditors have a lien, or right of priority of payment in preference to any of the stockholders... | |
 | 1877 - 692 pages
...it is a familiar principle in equity jurisprudence, that the stock and property of a corporation is deemed a trust fund for the payment of the debts of the corporation, and that the creditors have a lien or right of priority of payment in preference to any of the stockholders... | |
 | William A. Shinn - 1879 - 636 pages
...century before these cases were decided, Judge Story held that the capital stock of a corporation was a trust fund for the payment of the debts of the corporation, and that it might be followed into the hands of the stockholders, or of any persons having notice of... | |
 | 1905 - 1124 pages
...on to contribute anything toward such payment. The unpaid subscriptions to capital stock constitute a trust fund for the payment of the debts of the corporation, but that trust fund is not liable to drafts upon it, especially where the stockholders object, until... | |
 | United States. Circuit Court (1st Circuit), William Henry Clifford - 1880 - 728 pages
...century before these cases were decided, Judge Story held that the capital stock of a corporation was a trust fund for the payment of the debts of the corporation, and that it might be followed into the hand of the stockholders or of any persons having notice of... | |
 | Lawrence Lewis, Adelbert Hamilton, John Houston Merrill, William Mark McKinney, James Manford Kerr, John Crawford Thomson - 1882 - 722 pages
...capital stock subscribed or paid in, and other property of a corporation, is a trust fund for tlie payment of the debts of the corporation, so that the creditors have a lien on the same. Thompson on Liability of Stockholders, sec. 10, and authorities cited. The other shareholders... | |
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IB well established that the capital and other property of a corporation are deemed to be a trust fund for the payment of the debts of the corporation... 
