 | 1894 - 1212 페이지
...I'Anson, 42 NJ Law, 10; Braddock v. Railroad Co., 45 NJ Law, 3VÍ3. And such subscriptions constitute a trust fund for the payment of the debts of the corporation. Wetliorbee v. Baker, 35 NJ Eq. 501. ; A certifiai le of the number of shares subscribed for, or to... | |
 | Illinois. Supreme Court - 1886 - 786 페이지
...existence, to prosecute actions at law for the recovery of unpaid subscriptions. 4. Unpaid subscriptions are a trust fund for the payment of the debts of the corporation, which is the trustee. When, therefore, the corporation has ceased to exist, then, upon the principle... | |
 | Mississippi. Supreme Court - 1914 - 1016 페이지
...a favorite doctrine of the American courts, that the capital stock of a corporation is to be deemed a trust fund for the payment of the debts of the corporation, so that the creditors have a lien upon or a right of priority of payment out of it in preference to... | |
 | Colorado Bar Association - 1914 - 370 페이지
...the capital shall be devoted to the business. The creditor's right to have the capital retained as a trust fund, for the payment of the debts of the corporation, is a right that is worked out through the equities of the shareholders. Obviously, the incorporators... | |
 | Alabama. Supreme Court - 1892 - 788 페이지
...stock and other property of a private corporation was regarded and treated in a court of equity as a trust fund for the payment of the debts of the corporation, and in the event of the insolvency of the corporation, unpaid stock subscriptions could be condemned... | |
 | 1888 - 1026 페이지
...advert to the oft-repeated observation that the capital stock and other property of a corporation is a trust fund for the payment of the debts of the corporation. The creditors have a lien or right of priority on on it, superior to the right of the stockholders, who... | |
 | 1924 - 1648 페이지
...judgment against the Crystal Company, the court, after stating the familiar doctrine that corporate assets are a trust fund for the payment of the debts of the corporation, a principle that has been time and again announced by this court, said: "It follows that when this... | |
 | Seymour Dwight Thompson, Joseph Wesley Thompson - 1927 - 1056 페이지
...could no sooner have arisen."11 So it was said by the supreme court of Georgia : "The capital stock was a trust fund for the payment of the debts of the corporation, upon the faith of which alone the law presumed the credit was given, unless other security was taken... | |
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... is deemed a trust fund for the payment of the debts of the corporation ; so that the creditors have a lien or right of priority of payment on it, in preference to any of the stockholders in the corporation. 
