Eyster v. Centennial Board of Finance’s Empirical Analysis

Citation profile

12 federal appellate · 28 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 44 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. ““The capital stock of this corporation was not employed in, but to prepare for, the business of the contemplated exhibition; and the receipts of the exhibition, over and above its current expenses, are the profits of the business. These were the only profits anticipated. They are, in fact, the net receipts, which, according to the common understanding, ordinarily represent the profits of a business. . . . Popularly speaking, the net receipts of a business are its profits. So here, as the business to be carried on was that of an. exhibition, and its profits were to be derived only from its receipts, to the popular mind the net receipts would represent the net profits.” (Page 503.)”

   1 later decision quote this exact passage · from the majority
   e.g. City of Erie v. Erie Gas & Mineral Co.

2. ““The liability of a corporation to its stockholders on account of their stock is not a debt. The shares of a stockholder represent his proportion of the property of a corporation; and, upon the winding up of its affairs, the assets remaining after all liabilities are discharged are for division among the stockholders, according to their respective interests. The payment to stockholders upon such a division is for a dividend of the property divided, not for a debt owing by the corporation.””

   1 later decision quote this exact passage · from the majority
   e.g. Claridge Apartments Co. v. Commissioner of Internal Revenue