 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...  Albany Law Journal - Page 2791892Full view - About this book
 | 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
...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
...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,... | |
 | 1903 - 1180 pages
...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
...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... | |
 | M. Zralek - 1903 - 556 pages
...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... | |
 | 1904 - 1032 pages
...538. AMERICAN DOCTRINE. The "American doctrine," as commonly called, or the trust-fund doctrine, is that the capital of a corporation is a trust fund for the payment of its debts. Hospes v. Northwestern Mfg. & Car Co., 50 NW 1117, 1119, 48 Minn. 174, 192, 15 LRA 470, 31 Am.... | |
 | James Smith McMaster - 1904 - 784 pages
...void. In discussing this principle in his work on Corporations. Mr. Thompson says : " If the doctrine that the capital of a corporation is a trust fund for the security of its creditors is any more than an empty and idle collection of words, then the principle... | |
 | 1905 - 1080 pages
...Manchester r. Buckner, 2 La. Ann. 1023, 1025. Property of corporation. The doctrine that the property of a corporation Is a trust fund for the payment of Its debts merely means that the property must be first applied to such payment hefore any portion of it... | |
 | 1906 - 1098 pages
...assets as trust property, — was there distinctly negatived. The general doctrine that the property of a corporation Is a trust fund for the payment of Its debts ouly means that the property must be first appropriated to the payment of corporate dclifs before... | |
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