 | 1928 - 1628 lehte
...does not depend upon any express statute granting it, but rests upon the general equitable doctrine that the capital of a corporation is a trust fund for the benefit of its creditors, and that those to whom it has tion is in the hands of a receiver, it is not... | |
 | 1900 - 1166 lehte
...intervene to settle equities that may exist between his debtors.' "That the capital stock and property of a corporation is a trust fund for the payment of Its debts Is fundamental In equity, and has 892 been expressly recognized by the supreme court. Clapp v.... | |
 | 1887 - 1030 lehte
...obligation at all, but an obligation in equity arising out of the consideration that the capital stock of a corporation is a trust fund for the payment of its debts. Only so much of the unpaid capital as is necessary for the payment of the debts can be called... | |
 | Illinois. Supreme Court - 1899 - 714 lehte
....-Union Bank, 168 id. 519; Blair v. Illinois Steel Co. 159 id. 350. The doctrine that the property of a corporation is a trust fund for the payment of its debts only means that the property must first be appropriated to the payment of the debts of the company... | |
 | United States. Supreme Court - 1919 - 1154 lehte
...785; Snicyer v. Hoag. 84 U. 8. 17 Wall. 610 (21:731); Wood v. Dummer, 3 Mason, 308. The capital stock of a corporation is a trust fund for the payment of its creditors. tiawyer v. Hoag, 84 U. 8. 17 Wall. 610 (21: 731); Upton v. Tribilcock, 91 US 45 (23:203); Sänger v.... | |
 | Wyoming. Supreme Court - 1901 - 642 lehte
...upon it by $5,000. The American courts, ifollowing Wood v. Dummer, 3 Mason, 311, have usually held that the capital of a corporation is a trust fund for the payment of its debts. Morawetz on Corporations, Sec., 780; Sanger v. Upton, 91, US, 60; Union Ins. Co. v. Frear Stone... | |
 | South Dakota. Supreme Court - 1908 - 742 lehte
...court said : "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. It is a substitute for the personal liability of the individual members of private copartnerships,... | |
 | 1895 - 1164 lehte
...questions involved in this case, we recognize the following well-settled principles: (1) The capital stock of a corporation is a trust fund for the payment of its creditors. Sawyer т. Hoag, 17 Wall. 610; Upton v. Trebllcock, 91 US 45; Sanger v. Upton, Id. 56; Morgan Co. v.... | |
 | 1891 - 468 lehte
...v. Blair, 133 US 534, the Supreme Court of the United States say that the doctrine that the property of a corporation is a trust fund for the payment of its debts only means that the properly must first be appropriated to the payment of the debts of the company... | |
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As a creditors' bill, in the ordinary sense, the complaint is manifestly insufficient. The thresher company, however, plants itself upon the so-called "trust-fund" doctrine .that the capital stock of a corporation is a trust fund for the payment of its... 
