General

POPPLETON v. WALLACE

201 U.S. 24550 L. Ed. 743·Supreme Court of the United States·1906

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Opinion

POPPLETON v. WALLACE. APPEAL FROM THE CIRCUIT COURT OF APPEALS FOR THE EIGHTH • 'CIRCUIT, No. 194. Argued March 6, 1906. Decided April 2, 1906. Decided on authority of Wyman v. Wallace, ante, p. 230. Mr. Richard 8. Horton for appellant. Mr. James M. Woolworth and Mr. R. S. Hall for appellees, submitted. For abstracts'of arguments see Wyman v. Wallace, ante, p. 230. [MAJORITY — Mr. Justice Brewer:] Mr. Justice Brewer: This case is also an appeal by a stockholder from the same decree, and presents only-this difference: This stockholder voted against the, resolutions passed by the stockholders looking to a volunta^ liquidation. There is, therefore, nothing of a personal estoppel to be adjudged against him, but we do not think that that-is material. The requisite amount of stock was voted in favor of what was done ’ in the way of voluntary liquidation, and he as a stockholder is bound by that, although personally he dissented from the action. The same decree of affirmance will be entered in this case.