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" Though it be a doctrine of modern date, we think it now well established that the capital stock of a corporation, especially its unpaid subscriptions, is a trust fund for the benefit of the general creditors of the corporation. And when we consider the... "
Reports of Cases in the Supreme Court of Appeals of Virginia - Page 982
by Virginia. Supreme Court of Appeals - 1889
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Albany Law Journal, 24. köide

1881 - 572 lehte
...were concerned, from the assets of the corporation. In that case the court declared the doctrine to be well established that the capital stock of a corporation, especially its unpaid subscriptions, constituted a trust fund, for the benefit of the general creditors of tho corporation, and that the...
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The Southern Law Review: And Chart of the Southern Law and ..., 3. köide

1874 - 752 lehte
...stock or shares of a corporation, especially the unpaid subscription to such gtock or share, constitute a trust fund for the benefit of the general creditors of the corporation, and this trust can not be defeated by a simulated payment of the stock subecription, nor by any device...
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United States Reports: Cases Adjudged in the Supreme Court, 84. köide

United States. Supreme Court - 1874 - 738 lehte
...shares of a corporation— especially the unpaid subscriptions to such stock or shares — constitute a trust fund for the benefit of the general creditors of the corporation. 2. This trusi, cannot be defeated by a simulated payment of the stock subscription, nor by any device...
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The Central Law Journal, 2. köide

1875 - 722 lehte
...look into and assail the transaction by which defendant claims to have paid it, says : " Though it be a doctrine of modern date, we think it now well established...corporations as instrumentalities of the commercial and business world in the last four years, with the corresponding necessity of adapting legal principles...
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The National Bankruptcy Register Reports: Containing All the ..., 12. köide

William A. Shinn - 1875 - 624 lehte
...look into and assail the transaction by which defendant claims to have paid it, says : " Though it be a doctrine of modern date, we think it now well established...corporations as instrumentalities of the commercial and business world in the last four years, with the corresponding necessity of adapting legal principles...
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Law and Practice in Bankruptcy: The Practice in Bankruptcy, with the ...

Orlando Bump - 1877 - 1050 lehte
...which creditors could impeach. (Sawyer v. Hoag. 9 B. R. 145; sc 3 Biss. 293; в. c. 17 Wall. 610.) The capital stock of a corporation, especially its...benefit of the general creditors of the corporation. The assignee has a right to inquire into a conventional payment of his stock by one of the shareholders...
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Reports of Cases Argued and Determined in the Circuit Court of United States ...

Jabez S. Holmes - 1877 - 596 lehte
...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 adds: "When we consider the rapid development of corporations...
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Reports of Cases in Law and Equity, Determined in the Supreme ..., 42. köide

Iowa. Supreme Court - 1877 - 776 lehte
...Ladd, for appellants. The capital stock of a corporation, and especially its unpaid subscriptions, are a trust fund for the benefit of the general creditors of the corporation. (Sawyer v. Hoag, 17 Wall., 610.) The governing offices of a corporation cannot, by agreement or other...
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The American Reports: Containing All Decisions of General ..., 22. köide

Isaac Grant Thompson - 1878 - 860 lehte
...other stockholder." The subscribed capital stock of a corporation, as also all its other property, is a trust fund for the benefit of the general creditors of the corporation, and its governing officers cannot, by agreement with a stockholder, release him from his obligation to...
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The National Bankruptcy Register Reports: Containing All the ..., 18. köide

William A. Shinn - 1879 - 636 lehte
...the action, and to set aside as void transactions by which the bankrupt would be bound Though it be a doctrine of modern date, we think it now well established that the capital stock of a corporation is a trust fund for the benefit of the general creditor of the corporation." (Sawyer v. Hbag, 9 NB...
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