Richter & Co. v. Light’s Empirical Analysis
1922
Citation profile
4 federal appellate · 2 district · 13 state decisions
How this case has been cited
Cited by 28 later decisions — most recently December 1990 · most notably Putnam's Estate v. Commissioner of Internal Revenue (1945), Stuart v. Sargent (1933)
4 federal appellate · 2 district · 13 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 Spooner v. Phillips · Jerome v. Cogswell · Cogswell v. Second National Bank · Town of Fairfield v. Southport National Bank · Thresher v. Stonington Savings Bank
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 28 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““It has been the general rule that the persons who are stockholders of the corporation at the time a dividend is declared are entitled to share in the dividend, regardless of the time when they acquired their stock or when the dividends were earned, and although the dividends are payable ...at a future date. But a careful examination discloses that this rule has not been applied in any case in which the record shows that the directors resolution in its terms declare that the dividend should be made to stockholders of record on a future day. We find no authority which pretends to limit the power of the board of directors to fix the day when a part of the assets of the corporation shall be separated and vested in its stockholders as individuals.” . ..”
1 later decision quote this exact passage““Since it is universally held that the mere declaration of a dividend creates debts against the corporation in favor of certain stockholders as individuals, it would be unreasonable to withhold from the board of directors the power to declare specifically, when those debts shall-begin to exist and who those creditors shall be. In the recent text-books we find the statement that by the terms of the resolution declaring a dividend, it may be vested in stockholders of record on a day later than the day when the resolution was passed. 6 Fletcher, Cyc. of the Law of Corporations (1919) 6149; 2 Cook on Corporations (7th Ed. 1913) 1574; 2 Clark & Marshall on Private Corporations (1903) 1610.””
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.