Rossi v. Rex Consolidated Mining Co.

Citations

• 108 Wash. 296
• 183 P. 120
• 1919 Wash. LEXIS 862

Syllabus

<p>Corporations—Dividends—Assets of Dissolved Corporation. The assets of a dissolved corporation, authorized hy the board of directors to be distributed according to law, are not a dividend, but are capital assets.</p> <p>Same (55) — Stock Transfers — Right to Dividends. Where a contract for the sale of shares of stock was placed in escrow and no reservation of dividends made by the vendor, the dividends accruing to the stock while in escrow belong to the vendee.</p>