Weymouth v. Oudin

Citations

• 56 Wash. 315
• 105 P. 1027
• 1909 Wash. LEXIS 895

Syllabus

<p>Corporations — Stockholders—Receiver—Action by — Estoppel— Persons Affected. Where there are no creditors of a corporation and a receiver is appointed to wind up its affairs, and sues on. claims, representing the rights of a faction of the stockholders, an estoppel against such stockholders operates against the receiver.</p> <p>Corporations — Stockholders and Trustees — Deadlock—Failure to Operate Plant. Where, owing to the obstinacy of two parties each owning one-half of the stock of a corporation, there was no board of trustees to manage its affairs, and the deadlock prevented an election, the parties are in pari delicto, and there can be no recovery by one from the other by reason of business losses, or failure to repair and operate the plant after a loss by fire.</p>