Coleman v. Howe’s Empirical Analysis

Citation profile

3 federal appellate · 2 district · 41 state decisions

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 55 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. ““ But if the property contributed is not valued in good faith, the shares of stock will not be fully paid up, either in law or fact, bv the contribution of such property. A declaration by the corporation that the shares are paid up will not avail against the creditors in case of insolvency. (2 Morawetz on Priv. Corp., Sec. 825.) The courts have inflexibly enforced the rule, that payment of stock subscriptions is good as against creditors only where payment has been made in money, or what may be fairly considered as money’s worth.’ (Wetherbee v. Baker, 35 N. J. Eq. 501.)””

   1 later decision quote this exact passage
   e.g. Dean v. Baldwin

2. ““Cases may arise, where stock is issued for property taken at an overvaluation, which would justify courts in compelling stockholders to respond to the creditors for the pur value of the stock less the actual value of the property taken in exchange for it. Such will not be the case where there is entire good faith in making the valuation.””

   1 later decision quote this exact passage
   e.g. Taylor v. Cummings