 | New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Samuel Hand, Hiram Edward Sickels, Edward Jordan Dimock, Edmund Hamilton Smith, Edwin Augustus Bedell, Louis J. Rezzemini, Alvah S. Newcomb, James Newton Fiero - 1850 - عدد الصفحات: 614
...however, that the creditors have no remedy against stockholders who have not paid up their subscription. The capital stock of a corporation is a trust fund for the security of its creditors. (Case v. Grant, 15 Mass. 505 ; Spear v. Grant, 16 id. 92 ; Wood v. Dununer,... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891 - عدد الصفحات: 782
...are stated in the opinion. Sweet & Perkins (Birney Hoyt, .of counsel), for complainant, contended: 1. The capital stock of a corporation is a trust fund for the benefit of its creditors; citing Wood v. Dummer, S Mason, 308; Spear v. Grant, 16 Mass. 9; Vose v.... | |
 | Connecticut. Supreme Court of Errors - 1883 - عدد الصفحات: 658
...high^st nature known to the law. Calhoun v. Richardson, 30 Conn., 210 ; Salmon v. Richardson, id., 360. The capital stock of a corporation is a trust fund for the benefit of creditors, and cannot be dealt with by the corporation or its directors in such a way as... | |
 | 1892 - عدد الصفحات: 582
...by an individual; that the same principles of law apply to each. That the phrase that " the capital of a corporation is a trust fund for the payment of its creditors" is misleading, if not inaccurate, is illustrated by the character of the actions that are... | |
 | 1875 - عدد الصفحات: 722
...the company, furnishes no rule for a construction by this court. 6. Capital Stock л Trust Fund.— The capital stock of a corporation is a trust fund for the benefit of its creditors, and no transfer thereof can be made by which, as to creditors of the company,... | |
 | William A. Shinn - 1875 - عدد الصفحات: 624
...by-law by the officers or directors of the company, furnishes no rule for a construction by this court. The capital stock of a corporation is a trust fund for the benefit of its creditors, and no transfer thereof can be made by which, as to creditors of the company,... | |
 | 1876 - عدد الصفحات: 860
...these three cases, as well as Scammon v. Kimball, follow the principle of Sawyer v. Hoag, 17 Wall. 610, that the capital stock of a corporation is a trust fund for the payment of its debts to its creditors, which must in all cases be applied to that purpose pro rata. Others of the cases... | |
 | Jabez S. Holmes - 1877 - عدد الصفحات: 596
...powers as to the dealings with trust estates. In Sawyer v. Ifoag, Mr. Justice Miller, speaking of the doctrine that the capital stock of a corporation is a trust fund for the benefit of the general creditors of the corporation as a doctrine of modern date, very pertinently... | |
 | United States. Circuit Court (4th Circuit) - 1877 - عدد الصفحات: 684
...Again, in the case of Webster v. Upton, Assignee, is it said (p. 71, 1 Otto) : "The whole subscribed capital stock of a corporation is a trust fund for the payment of creditors when the corporation becomes insolvent The stock cannot be released, ie, the liabilities... | |
 | Austin Abbott - 1878 - عدد الصفحات: 592
...and holding of a certificate of the stock subjects the holder to the liabilities of a stockholder. The capital stock of a corporation is a trust fund for the payment of its debts, and the directors of the corporation, who are the trustees of the fund, will not be permitted to waste... | |
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It is too firmly established in the present day to be questioned that the capital stock of a corporation is a trust fund for the payment of its debts. 
