Alberger Condenser Co. v. United Water, Gas & Electric Co.

Citations

• 87 Kan. 843
• 126 P. 1087
• 1912 Kan. LEXIS 253

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Courts — Concurrent Jurisdiction — Comity Between. Under the facts of this case the district court in assuming jurisdiction hereof did not encroach upon the jurisdiction of the United States circuit court for the district of Kansas, second division; neither was the comity existing between courts of concurrent jurisdiction transgressed thereby.</p> <p>.2. Corporation — Newly Organized — Liable for Debts of ‘ Old Corporation. Where a newly organized corporation succeeds to the business, property and assets of an established corporation without giving to the old corporation any means of discharging its obligation to a creditor, and all the circumstances of the transaction justify an inference that the new corporation is a mere continuance or reorganization of the former, with substantially the same stockholders, the new corporation is responsible for such debt of the former corporation.</p>