Jarvis v. G. & J. Coal Co.

Appellate Court of Illinois

Jarvis v. G. & J. Coal Co.

203 Ill. App. 471

CourtAppellate Court of Illinois

DecidedMay 9, 1916

DocketGen. No. 6,203

StatusPublished

This text of 203 Ill. App. 471 (Jarvis v. G. & J. Coal Co.) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Jarvis v. G. & J. Coal Co., 203 Ill. App. 471 (Ill. Ct. App. 1916).

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Opinion

Mr. Presiding Justice Dibell

delivered the opinion of the court.

3. Corporation's, § 175*—when withdrawing stockholder may not buy adverse interest. Where certain stockholders in a corporation took for the corporation in their own names a lease of the right to haul coal through all entries, passages and openings in certain land, which lease they thereafter assigned to the corporation, held that one of such stockholders would have the right, after his withdrawal from the corporation, to buy the lessor’s interest in the lease and his mining rights in the land, and to enforce the payment of rent under the lease against the corporation as assignee of the lessees therein.

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Mr. Presiding Justice Dibell

delivered the opinion of the court.

3. Corporation's, § 175*—when withdrawing stockholder may not buy adverse interest. Where certain stockholders in a corporation took for the corporation in their own names a lease of the right to haul coal through all entries, passages and openings in certain land, which lease they thereafter assigned to the corporation, held that one of such stockholders would have the right, after his withdrawal from the corporation, to buy the lessor’s interest in the lease and his mining rights in the land, and to enforce the payment of rent under the lease against the corporation as assignee of the lessees therein.

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Bluebook (online)

203 Ill. App. 471, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jarvis-v-g-j-coal-co-illappct-1916.