Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 120Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Marquis B. Eaton, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper Phelphs & Stevens, printers, 1900 - Law reports, digests, etc |
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Results 1-5 of 100
Page 8
... held . It became the duty of the receiver here to pay depositors at once , and , if the assets of the bank were insufficient for that purpose , he was bound to ascertain the amount necessary to meet the deficit . He took the proper ...
... held . It became the duty of the receiver here to pay depositors at once , and , if the assets of the bank were insufficient for that purpose , he was bound to ascertain the amount necessary to meet the deficit . He took the proper ...
Page 9
... held , to an amount equal to his respective stock or shares so held , for all its liabilities accruing while he remains such stock- holder . " Section 4 , subd . 4 , art . 11 , entitled " Miscellaneous Corpo- rations , " provides that ...
... held , to an amount equal to his respective stock or shares so held , for all its liabilities accruing while he remains such stock- holder . " Section 4 , subd . 4 , art . 11 , entitled " Miscellaneous Corpo- rations , " provides that ...
Page 10
... held that the statute did not require that the assets of the corporation should be fully exhausted before the creditors could proceed to judg- ment against the stockholders . The case of Hanson v . Donkersley , 37 Mich . 184 , upon ...
... held that the statute did not require that the assets of the corporation should be fully exhausted before the creditors could proceed to judg- ment against the stockholders . The case of Hanson v . Donkersley , 37 Mich . 184 , upon ...
Page 12
... held that statute could not have so broad a con- struction as to hold one liable who purchases stock in a corporation after the debt is contracted ; that is , that a stockholder , under the act , cannot avoid the statutory liability to ...
... held that statute could not have so broad a con- struction as to hold one liable who purchases stock in a corporation after the debt is contracted ; that is , that a stockholder , under the act , cannot avoid the statutory liability to ...
Page 15
... held as a shareholder because he purchased his stock upon false representations made as to the value of the stock by the officers of the bank . As we have said , the receiver repre- sents the depositors in this suit . It is their rights ...
... held as a shareholder because he purchased his stock upon false representations made as to the value of the stock by the officers of the bank . As we have said , the receiver repre- sents the depositors in this suit . It is their rights ...
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Common terms and phrases
action ADVERSE POSSESSION affirmed amount appears appellee applied April 18 assessment assignment Assumpsit attorney auditor authority bank bill certificate certiorari charge circuit court circuit judge claim clerk commissioner complainant contract contributory negligence corporation counsel creditors Decided June decree deed defendant's Detroit drain commissioner employé entitled evidence execution fact fendant filed Grand Rapids held highway Ingham County injuries issued judgment July 11 Justices concurred Lamb land liability lien lumber Lupinski Mackinaw City mandamus ment mortgage negligence owner paid parties payment Penberthy person petition plaintiff plat possession proceedings proof provides purchase question quitclaim deed railroad Railway received record recover refused respondent specific tax Stat statute statute of frauds stockholders street Submitted April suit testified testimony thereof tion township track trial trustee verdict witness writ writ of assistance
Popular passages
Page 555 - The State shall not be a party to, or interested in, any work of internal improvement, nor engaged in carrying on any such work, except in the expenditure of grants to the State of land or other property...
Page 614 - ... give something in earnest to bind the contract, or in part payment, or unless some note or memorandum in writing of the contract be made and signed by the party to be charged or his agent in that behalf.
Page 9 - Every stockholder in a banking corporation or institution shall be individually responsible and liable to its creditors, over and above the amount of stock by him or her held, to an amount equal to his or her respective shares so held, for all its liabilities accruing while he or she remains such stockholder.
Page 96 - All specific State taxes, except those received from the mining companies of the Upper Peninsula, shall be applied in paying the interest upon the primary school, university, and other educational funds, and the interest and principal of the State debt, in the order herein recited, until the extinguishment of the State debt, other than the amounts due to educational funds, when such specific taxes shall be added to, and constitute a part of the primary school interest fund.
Page 279 - by right of representation" takes place when the descendants of any deceased heir take the same share or right in the estate of another person that their parents would have taken if living. Posthumous children are considered as living at the death of their parents.
Page 333 - The stockholders of every bank shall be individually liable, equally and ratably, and not one for another...
Page 551 - One of the original members shall be appointed for a term of one year, one for a term of two years, one for a term of...
Page 235 - A thing within the intention, is within the statute, though not within the letter ; and a thing within the letter, is not within the statute, unless within the intention.
Page 614 - No contract for the sale of any goods, wares, or merchandise for the price of ten pounds sterling or upwards, shall be allowed to be good except the buyer shall accept part of the goods so sold, and actually receive the same, or give something in earnest to bind the bargain, or in part payment...
Page 113 - The general assembly shall provide, by law, for taxing the notes and bills discounted or purchased, moneys loaned, and all other property, effects, or dues of every description (without deduction) of all banks, now existing or hereaft created, and of all bankers, so that all property employed in banking shall always bear a burden of taxation equal to that imposed on the property of individuals.