Burt v. Real Estate Exchange
Citations
- 175 Pa. 619
- 34 A. 923
- 1896 Pa. LEXIS 1296
Syllabus
<p>Corporation — Stock subscription — Insolvent corporation.</p> <p>A subscriber to the stock of a corporation who, after the insolvency of the company and notice to him that his stock would be sold unless assessments were paid, voluntarily assigns the certificate in blank and delivers it to the treasurer of the corporation, at his request, does not thereby relieve himself from liability for the unpaid portion of his subscription.</p> <p>A transfer of shares in a failing corporation, made by the transferrer with the purpose of escaping his liability as a shareholder, to a person who from any cause is incapable of responding in respect to such liability, is void as to creditors of the company and as to other shareholders, although as between the transferrer and the transferee, the transfer may be-valid and binding.</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding the claimant’s racial slur “was so offensive that it should have been obvious that its use was inimical to [the e]mployer’s best interest, and in complete disregard of the standards of behavior which [e]mployer has a right to expect from its employees”
Source: CourtListener parenthetical corpus (CC0).
Judges: Dean, Fell, Green, McCollum, Mitchell, Sterrett, Williams
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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