 | 1913 - 364 lehte
...statutory obligation, 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." Bell's Appeal, 115 Pa. 88. "An original subscriber to the stock of a corporation remains liable... | |
 | 1887 - 542 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... | |
 | Seymour Dwight Thompson, Joseph Wesley Thompson - 1927 - 1056 lehte
...profits. §3423 (3416). Capital stock a trust fund— Rule generally.0 —The rule that the capital stock of a corporation is a trust fund for the payment of its debts was established in a United States circuit court case as early as 1824. The holders of bank notes... | |
 | Minnesota. Supreme Court - 1891 - 614 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 been refunded will be held trustees for their... | |
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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... 
