 | Washington State Bar Association - 1901 - 136 pages
...its debts from its own means, as they become due. The theory under discussion says that the property of a corporation is a trust fund for the payment of its debts; but this is also true of a partnership, and really of an individual, and for the same reason.... | |
 | Washington State Bar Association - 1901 - 142 pages
...its debts from its own means, as they become due. The theory under discussion says that the property of a corporation is a trust fund for the payment of its debts; but this is also true of a partnership, and really of an individual, and for the same reason.... | |
 | Horace La Fayette Wilgus - 1902 - 1056 pages
...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 debts; its contention being that such a " bonus " issue of stock creates, in case of the subsequent... | |
 | 1902 - 552 pages
...opportunity to be beard. Steinman's Case, 452. See Arbitration, 7. Practice, 3. BANK. 1. j.ue entire capital stock of a corporation is a trust fund for the payment of its debts. Allison v. Bank, 153. 2. Where a bank has suspended payment, and is in the hands of a receiver,... | |
 | Horace La Fayette Wilgus - 1902 - 1252 pages
...serve the purpose of capital stock for two corporations ? We have shown by the highest legal authority that the capital stock of a corporation is a trust fund for the security and benefit of the creditors of the corporation, and that the managing board fills the relation... | |
 | M. Zralek - 1903 - 556 pages
...Turnbull (84 Me. 72), the court said: "It is too firmly established at the present day to be questioned, that the capital stock of a corporation is a trust fund for the payment of its debts * * * during the existence of the life of the corporation, it is a trust to be managed for the... | |
 | 1903 - 1180 pages
...it on the payment of cash or the delivery of obligations equivalent thereto by other stockholders. The capital stock of a corporation is a trust fund for the payment of its debts, upon the faith of which the law presumes the credit was given, unless other security was taken... | |
 | Eli Richard Shipp - 1903 - 112 pages
...What is the trust fund doctrine? That doctrine of a court of equity which holds that the subscribed capital stock of a corporation is a trust fund for the payment of its debts, and that no agreement between a corporation and its stockholders can affect the right of creditors... | |
 | 1904 - 512 pages
...applicable to all business corporations. The trust fund doctrine as commonly formulated in the proposition "the capital stock of a corporation is a trust fund for the payment of its debts," has been criticised by some as inaccurate and misleading and wholly unnecessary as a ground... | |
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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... 
