Cunningham v. Jaffe’s Empirical Analysis

Citation profile

2 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 4 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “[T]he general rule of liability does not apply when the officer’s acts have been ratified by all the shareholders of the corporation. In that case, the unauthorized acts of the individual become the authorized acts of the corporation [and], the corporation loses its right of action against the officer .”

   1 later decision quote this exact passage · from the majority
   e.g. 412 F. Supp. 1239 - In Re REA Express, Inc., Private Treble Damage, Etc.

2. “Every corporation organized under this chapter may purchase, hold, sell and transfer shares of its own capital stock; but no such corporation shall use its funds or properties for the purchase of its own shares of capital stock when such use would cause any impairment of the capital of the corporation.”

   1 later decision quote this exact passage · from the majority
   e.g. Naples Awning & Glass, Inc. v. Cirou

3. “the reduction of the amount of the assets of the company below the amount represented by the aggregate outstanding shares of the capital stock of the company. In other words, a corporation may use only its surplus for the purchase of shares of its own capital stock.”

   1 later decision quote this exact passage · from the majority
   e.g. Naples Awning & Glass, Inc. v. Cirou