Oliver Wendell Holmes, Jr.

“ As to collusion, there is nothing unlawful in transferring shares to a man out and out, for the convenience of immediately beginning a suit that other shareholders have a right to begin, that all parties in interest want to have begun, and that the authorities of the opposing jurisdiction approve. ”

“ Real estate has been sold by the receiver, assets collected, and all the debts of the corporation outside the claims of shareholders have been paid, except one disputed claim for $3,000. The main matter outstanding is a suit against directors and certain withdrawing shareholders for money alleged to have been paid improperly and upon other claims, which is on the docket for hearing. ”

“ See further, Brown, B. & Co. v. Lake Superior Iron Co. 134 U.S. 530, 33 L. ed. 1021, 10 Sup. Ct. Rep. 604.
It is unnecessary to set forth the proceedings under the bill at length. They have gone on from March 30, 1901. ”