Pankey v. Lippman’s Empirical Analysis
1914
Citation profile
3 federal appellate · 17 state decisions
How this case has been cited
Cited by 20 later decisions — most recently October 1968
3 federal appellate · 17 state decisions
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on McDonnell v. Alabama Gold Life Insurance · Anderson v. Anderson · Warren v. Kilgroe · Drennen v. Jenkins
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 20 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““The legal effect of Code, § 3516— manifestly so intended 'by the lawmakers — is to constitute the property and rights of a corporation dissolved otherwise than by judicial decree a trust fund, with the directors as trustees, to effect the righteous purposes set down in the statute. One of these is to pay the obligations incurred, assumed, or imposed during the active life of the corporation. Given a creditor who may invoke the powers of a court of equity to declare, govern, and enforce rights and remedies attaching or affecting a trust estate or a trust function, a bill cannot be without equity that would invoke equity’s authority to promote and effect the due and just administration of a trust thus estabr lished, for the purposes the statute '(section 3516) plainly intends. As for property, the subject of the trust estate, the statute (section 3516) expressly provides: “The trustees ‘are jointly and severally liable to its creditors and stockholders to the extent of the property which may come into their hands.’ “The bill carries sufficient averments to invoke the liability thus declared. If the complainants are creditors of a class who' may implead the director-trustees in the premises, their bill shows them to be parties with a particular concern and interest in the proper administration of the trust existing when the bill was filed. “It is insisted that the complainants,holding the -claim the bill describes; are not creditors of a character allowed to invoke equity to th”
1 later decision quote this exact passage
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.