 | 1888 - 864 pages
...received, as it deserves, careful consideration. It is certainly an acknowledged principle that the entire capital stock of a corporation is a trust fund for the payment of its debts: Wood v. Dummer, 3 Mason, 308; Mann v. Pentz, 3 NY 422. The unpaid subscriptions to its stock... | |
 | 1913 - 1288 pages
...litigation for their interests in opposition to his own, or after he has settled his claim. It is true that the capital stock of a corporation is a trust fund for the security of the creditors, and the amount recoverable from the stockholders under the statute in addition... | |
 | Isaac Grant Thompson - 1888 - 974 pages
...stock, we understand it is placed, by the learned counsel for the plaintiff, mainly on the proposition that the capital stock of a corporation is a trust fund for the security of creditors, which cannot be given away or distributed among stockholders so long as debts... | |
 | 1907 - 1220 pages
...Cent. Dig. vol. 7, Bills and Notes. §§ 024-932.] 4. CORPORATIONS— CAPITAL TRUST FUND FOB CREDITORS. The capital stock of a corporation is a trust fund for the benefit of Its creditors. 5. BILLS AND NOTES — BONA FIDE PURCHASERS — TITLE OF TRANSFEREE. The... | |
 | John Davison Lawson - 1889 - 920 pages
...perpetration of deceit upon them.8 § 492. Capital Stock a Trust Fund for Payment of Creditors. — But the capital stock of a corporation is a trust fund for the payment of creditors.4 The unpaid subscriptions are a trust fund for all the creditors, and cannot be attached... | |
 | 1889 - 952 pages
...stock to the satisfaclion of this judgment, as an "Indebtedness" of the corporation, is not apparent. The capital stock of a corporation is a trust Fund for the payment or discharge of any liability which in the course of its business it may incur, either ejccontructu... | |
 | Charles Fisk Beach (Jr.) - 1890 - 804 pages
...company or its creditors for shares not fully paid, although registered in his name.3 The American doctrine that the capital stock of a corporation is a trust fund for the benefit of corporate creditors has never been recognized in England.4 1 In re Dronfield etc. Co. 17... | |
 | John Lewis - 1890 - 816 pages
...given away, as fully-paid stock, is entirely valid. But the plaintiff bases its claim upon the familiar doctrine that the capital stock of a corporation is a trust fund for the benefit of its creditors, and that, if shares are not in fact paid up, an arrangement between the corporation... | |
 | Lorenzo Smith Boswell Sawyer, United States. Circuit Court (9th Circuit) - 1890 - 704 pages
..." of the corporation, is not apparent. XIII. SAWY. -85. Opinion of the Court — Deady, J. [March, The capital stock of a corporation is a trust fund, for the payment or discharge of any liability which in the course of its business it may incur, either ex cotiiractu... | |
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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... 
