Young v. Lyons Milling Co.’s Empirical Analysis
1927
Citation profile
1 federal appellate · 1 state decisions
Relationships
Relies on Lockhart v. Van Alstyne · Field v. Lamson & Goodnow Manufacturing Co. · Taft, Trustee v. Hartford, Providence and Fishkill R.R. · Inscho v. Mid-continent Development Co. · Reagan Bale Co. v. Heuermann
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 2 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““Stockholders are classified as common and preferred, and as between the classes preferences are permitted. Neither class, however, is entitled to dividends from any source except from the earnings and profits of the business. The guarantee of dividends inserted in the certificate is no more than a pledge that dividends shall be paid out of funds legally applicable to dividend purposes, and until there is a surplus of profits dividends cannot be paid to either class of stockholders. The corporation cannot pay dividends out of capital, as to do so would operate as a fraud upon creditors.” (p. 87.)”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.