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CONVERSE v. MINNESOTA THRESHER MFG. CO.; SAME v. FIRST NATIONAL BANK OF SUFFIELD, 1909 — 212 U.S. 567 · caselaw · US
Corporations
CONVERSE v. MINNESOTA THRESHER MFG. CO.; SAME v. FIRST NATIONAL BANK OF SUFFIELD
212 U.S. 567·Supreme Court of the United States·1909
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Opinion
CONVERSE v. MINNESOTA THRESHER MFG. CO. SAME v. FIRST NATIONAL BANK OF SUFFIELD.
ERROR TO THE SUPREME COURT OF ERRORS OF CONNECTICUT.
Nos. 75, 76.
Argued January 14, 1909.
Decided January 25, 1909.
A judgment of the highest court of Connecticut,- involving the liability of stockholders under, provisions in the constitution of Minnesota; reyersed on the' authority of Bernheimer v. Converse, 206 U. S. 516.
Mr. Wm. Waldo Hyde and Mr. Charles Welles Gross for plaintiff in error.
No appearance, for defendants in error.
[ The leading headnote in Bernheimer v. Converse, 206 U. S. 516, referred to; is as follows;
“The court in this case followed the judgment of the highest court of , the State in determining that a corporation was not within the exception, constitutional and statutory, as to stockholders’ liability in favor of certain classes of corporations. Where, as in Minnesota, stockholders’liability is fixed and measured by the constitution, a stockholder upon acquiring his stock incurs an obligation arising from the constitutional provisions, and as such capable of being enforced in the courts not only of that State but of another State and of the United States.”]
[MAJORITY — Per Curiam:]
Per Curiam:
Judgments reversed with costs on the authority of Bernheimer v. Converse, 206 U. S. 516, and cases remanded for further proceedings in conformity to law.