dissolution does not impair contract obligation
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 33 U.S. 281 - Jacob Mumma v. The Potomac Company · 1834Most cited · 130 citing opinions
the dissolution of the corporation, under the acts of Virginia and Maryland... cannot, in any just sense, be considered, within the clause of the constitution of the United States on this subject, an impairing of the obligation of the contracts of the company by those states, any more than the death of a private person can be said to impair the obligation of his contracts. The obligation of those contracts survives; and the creditors may enforce their claims against any property belonging to the corporation, which has not passed into the hands of bona fide purchasers; but is still held in trust for the company or for the stockholders thereof.
How often courts cite the case defining “dissolution does not impair contract obligation”
Court decisions citing the opinion that defined “dissolution does not impair contract obligation” — 130 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.