FOGG v. BLAIR

No. 135.

139 U.S. 118 (1891)

FOGG v. BLAIR.

Supreme Court of United States.

Decided March 2, 1891.


Attorney(s) appearing for the Case

Mr. James Carr for appellant.

Mr. Walter C. Larned for appellee.


MR. JUSTICE HARLAN, after stating the case, delivered the opinion of the court.

It is the settled doctrine of this court, as well as of the Supreme Court of Missouri, that unpaid subscriptions to the stock of a corporation constitute a trust fund for the benefit of its creditors, which may not be given away or disposed of by it, without consideration or fraudulently, to the prejudice of such creditors. New Albany v...

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