 A stock dividend really takes nothing from the property of the corporation, and adds nothing to the interests of the shareholders. Its property is not diminished, and their interests are not increased. . . . The proportional interest of each shareholder...  American Law Reports Annotated - Page 4271926Full view - About this book
 | 1918 - 502 pages
...constitutionality if construed as the GovernCourt upon the latter question is equally true for the former. "A stock dividend really takes nothing from the property...diminished and their interests are not increased. * * * The proportional interest of each shareholder remains the same. The only change is in the evidence... | |
 | 1916 - 1132 pages
...dividend in money is to be deemed income, of each share." In support of this view, It is argued that a stock dividend really takes nothing from the property...adds nothing to the interests of the shareholders; that the only change Is in the evidence which represents the shareholders' Interests, the new shares... | |
 | Thomas Carl Spelling - 1892 - 736 pages
...declared in stock is to be deemed capital and a dividend in money is to be deemed income of each share. A stock dividend really takes nothing from the property...diminished and their interests are not increased." Citing Bailey TNY Cent. & HRR Co., 22 Wall. 604. In Earps' Appeal, 28 Pa. St. 368, it appeared that... | |
 | Tennessee. Supreme Court, William Wilcox Cooke - 1897 - 802 pages
...the will or deed, and not through any action of the corporation. The learned justice said further: "A stock dividend really takes nothing from the property...all the shareholders are represented by the whole nuuiber of shares, and the proportional interest of each shareholder remains the same. The only change... | |
 | Hawaii. Supreme Court - 1900 - 496 pages
...stock representing earnings is intended as a capitalization of those earnings, for a stock dividend takes nothing from the property of the corporation...adds nothing to the interests of the shareholders and both before and after such dividend the corporation owns the entire property and the aggregate... | |
 | Edwin Alliston Howes - 1905 - 134 pages
...the provisions of the will of that shareholder take effect, and with regard to his shares only. . . . A stock dividend really takes nothing from the property...property ; the aggregate interests therein of all the Pennsylvania Rule as to Stock Dividends. On the other hand there are several jurisdictions which are... | |
 | Abraham Clark Freeman - 1911 - 1214 pages
...neither richer nor poorer. By it nothing is taken from the property of the corporation and nothing added to the interests of the shareholders. Its property...diminished and their interests are not increased. Upon this principal it is held that accumulated earnings (upon which stock dividends are supposed to... | |
 | Hobart Amory Hare, Walter Chrystie - 1912 - 724 pages
...when the provisions of the will of that shareholder take effect, and with regard to his shares only. "A stock dividend really takes nothing from the property of the corporation, and adds nothing to the interest of the shareholders. Its property is not diminished and their interests are not increased.... | |
 | Indiana - 1921 - 1336 pages
...Merchants' Loan & Trust Co. v. Smietanka, — US — , 41 Sup. Ct. 386. "Stock dividends" are capital and takes nothing from the property of the corporation and adds nothing to the interests of shareholders. Eisner v. Macomber, 252 US 189, 40 Sup. Ct. 189, 64 L. ed. 521. "Stock dividends" convey... | |
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