Coggeshall v. McGrath

New York Supreme Court

Coggeshall v. McGrath

89 N.Y.S. 334

DecidedApril 15, 1903

StatusPublished

This text of 89 N.Y.S. 334 (Coggeshall v. McGrath) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Coggeshall v. McGrath, 89 N.Y.S. 334 (N.Y. Super. Ct. 1903).

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Opinion

GAYNOR, J.

The defendant did not become ipso facto, by his notice of withdrawal, a creditor of the company for the withdrawal value of his shares (or, as the case would be here, for the excess thereof over his indebtedness to the company on his note), so as to exempt" his shares from their proportionate share of the general debts of the company. Vinton v. Building & Loan Ass’n (Ky.) 66 S. W. 510; Cobb v. Johnson, 35 Misc. Rep. 109, 71 N. Y. Supp. 218.

Judgment for the plaintiff.

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GAYNOR, J.

The defendant did not become ipso facto, by his notice of withdrawal, a creditor of the company for the withdrawal value of his shares (or, as the case would be here, for the excess thereof over his indebtedness to the company on his note), so as to exempt" his shares from their proportionate share of the general debts of the company. Vinton v. Building & Loan Ass’n (Ky.) 66 S. W. 510; Cobb v. Johnson, 35 Misc. Rep. 109, 71 N. Y. Supp. 218.

Judgment for the plaintiff.

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Bluebook (online)

89 N.Y.S. 334, Counsel Stack Legal Research, https://law.counselstack.com/opinion/coggeshall-v-mcgrath-nysupct-1903.

Opinion

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