stock subscription
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 68 U.S. 25 - Clearwater v. Meredith · 1863Most cited · 117 citing opinions
nature of
When any person takes stock in a railroad corporation, he has entered into a contract with the company, that his interests shall be subject to the direction and control of the proper authorities of the corporation to accomplish the object for which the company was organized. He does not agree that the improvement to which he subscribed should be changed in its purposes and character, at the will and pleasure of a majority of the stockholders, so that new responsibilities, and it may be, new hazards, are added to the original undertaking.
How often courts cite the case defining “stock subscription”
Court decisions citing the opinion that defined “stock subscription” — 117 in all, by decade. Counts are citations to the defining case 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.