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· 9/13/1988

Grunloh v. Effingham Equity, Inc.

Citations

  • 528 N.E.2d 1031
  • 174 Ill. App. 3d 508
  • 124 Ill. Dec. 140
  • 1988 Ill. App. LEXIS 1339

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • holding that assignees of corporate assets acquire and may bring causes of action belonging to the assignor corporation
  • holding that assignees of corporate assets acquire and may bring causes of action belonging to the assignor corporation
  • considering whether assignees’ amended complaint related back to complaint filed within survival period, “so as to render the assertion of the corporate claims timely within the meaning of [the Survival Statute]”
  • considering whether assignees' amended complaint related back to complaint filed within survival period, \so as to render the assertion of the corporate claims timely within the meaning of [the Survival Statute]\
  • “it has long been recognized that corporations generally possess the power to assign choses in action, provided the assignments are made for a legitimate corporate purpose and violate no express restrictions in the corporate charter”

Source: CourtListener parenthetical corpus (CC0).

Judges: McCULLOUGH

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Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.