Strong v. Crancer’s Empirical Analysis

Citation profile

1 federal appellate · 9 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 10 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “So far as the corporation issuing stock is concerned, the shares of capital stock which it issues are [772] its liabilities and not its assets. Stock certificates with a stated par value, although not a direct indebtedness of the corporation, evidence the fact that the holder has paid a certain amount to the corporation which it is liable to pay back to him proportionately with other shareholders upon dissolution, out of its assets remaining after other creditors have been paid. Of course it also determines his share of earnings. . . . The shares are assets of the stockholders to whom they are issued, and their liability to pay the par value thereof are assets of the corporation.”

   1 later decision quote this exact passage
   e.g. Union Electric Co. v. Morris

2. “is no longer restricted to cases of that description, and the best considered authorities put the equitable jurisdiction upon three grounds, to-wit: The need of a discovery, the complicated character of the accounts, and the existence of a fiduciary or trust relation.”

   1 later decision quote this exact passage
   e.g. Wilson v. Hoover