Jarvis v. G. & J. Coal Co.

203 Ill. App. 471
Appellate Court of Illinois·Decided May 9, 1916·No. Gen. No. 6,203·Published

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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

203 Ill. App. 471 (Jarvis v. G. & J. Coal Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.