Braunstein v. Guarantee Trust Co.
This text of 168 A. 434 (Braunstein v. Guarantee Trust Co.) is published on Counsel Stack Legal Research, covering Supreme Court of New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The decree appealed from will be affirmed, for the reasons expressed in the opinion filed in the court below by Vice-Chancellor Ingersoll.
A further reason tending to support dismissal of the bill is that at least one party necessary to the granting of the full relief sought was not in court. It appears by the allegations of the bill that a corporation, namely, S. M. Braunstein, Incorporated, held and still holds the capital stock of the Boardwalk Realty Company which, in sufficient quantity to produce in dividends a sum equal to $10,000 yearly, was to be deposited with the Guarantee Trust Company of Atlantic City. S. M. Braunstein, Incorporated, is not a party to the litigation.
For affirmance — The Chief-Justice, Thenchabd, Paeicee, Case, Bodine, Donges, BEehee, Van Buskiek, Kays, Hetfield, Deae, Wells, Dill, JJ. 13.
For reversal — None.
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Cite This Page — Counsel Stack
168 A. 434, 114 N.J. Eq. 181, 1933 N.J. LEXIS 897, Counsel Stack Legal Research, https://law.counselstack.com/opinion/braunstein-v-guarantee-trust-co-nj-1933.