Stock
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 216 U.S. 420 - Wright v. Georgia Railroad & Banking Co. · 1910Most cited · 140 citing opinions
of a corporation
The word 'stock' is not uniformly used to designate the capital of a corporation, although its primary meaning is capital, in whatever form it may be invested. Indeed, it is not at all unusual to find the word used synonymously with 'shares,' and meaning the certificates issued to subscribers to the company's stock... There is an obvious distinction between the capital stock of an incorporated company and the 'shares' of the company. The one is the capital upon which the business is to be undertaken, and is represented by the property of every kind acquired by the company. Shares are the mere certificates which represent a subscriber's contribution to the capital stock, and measure his interest in the company.
How often courts cite the cases defining “Stock”
Court decisions citing the 2 opinions that defined “Stock” — 151 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1812–1910
- ORIGINAL
Stock is a term of the most general import: In its present extended application, it would include a great variety of subjects that never could have entered into contemplation of the parties. . . . The words of the first offer certainly were intended to confine the permission to the smaller animals.
in a marine policy permitting touching for stock