Summary

Joseph P. Bradley Thayer v. Butler — Opinion of the Court

The defendant also requested the court to hold and rule that the vote of the directors of December 13, 1881, was in law an abandonment of the proposed increase of 5,000 shares and the authorization of an increase by the issue of 4,613 shares, and that the act of the directors in including the amount the defendant had paid in to increase the capital by the issue of 5,000 shares in the amount necessary to increase the capital by 4,613 shares did not affect the defendant's legal relations with the bank, and make him a shareholder in theinc rease of 4,613 shares.
Source: Wikisource

Joseph P. Bradley Thayer v. Butler — Opinion of the Court

This additional evidence had relation mostly to the voluntary assessment, and to the question of the resumption of business by the bank, and has no further effect upon the present controversy than as going to show, perhaps, good faith on the part of the directors of the bank. We do not think, however, that it alters the case in the slightest degree, so far as the question of the plaintiff in error's liability for the new stock is concerned.
Source: Wikisource

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