BUKER v. LEIGHTON LEA ASSOCIATION, 164 N.Y. 557 (1900)

58 N.E. 1085

AMOS M. BUKER et al., in their own Behalf, etc., Appellants, v. THE LEIGHTON LEA ASSOCIATION, Respondent.

Court of Appeals of the State of New York.Argued May 18, 1900
Decided October 2, 1900

George D. Reed for appellants.

William F. Cogswell for respondent.

PARKER, Ch. J., O’BRIEN, MARTIN and LANDON, JJ., concur in reversal upon opinion of FOLLETT, J., in court below. O’BRIEN and LANDON, JJ., think that the evidence does not support the finding that the first articles of association of the defendant were amended, and therefore that the acts of the defendant, under the assumed amendment, purporting to forfeit the stock of the plaintiffs were invalid, and that equity requires defendant to reimburse the plaintiffs the amount of their respective payments upon the shares of stock subscribed for by them.

GRAY, J., dissents; HAIGHT, J., not voting, and WERNER, J., not sitting.

Page 558

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