Supreme Court of South Carolina, 1936

Griffin v. White

Supreme Court of South Carolina · Decided December 11, 1936 · Baker, Stabrer, Messrs, Carter, Bonham, Fishburne

189 S.E. 127; 182 S.C. 219; 1936 S.C. LEXIS 30 (South Eastern Reporter)

Counsel

Messrs. S.R. Watt and C.E. Daniel , for appellant. Messrs. R.B. Paslay and Evans, Galbraith Holcombe , for respondents, cite: Construction of written instrument: 54 S.C. 582 ; 32 S.E., 765 . As to contracts being ultra vires: 60 A.S.R., 172; 56 S.C. 280 ; 34 S.E., 409 ; 81 S.C. 10 ; 61 S.E., 1027 ; 100 S.C. 1 ; 84 S.E., 112 ; 176 S.C. 318 ; 180 S.E., 188 ; 155 S.C. 488 ; 152 S.E., 644 . Insolvency: 155 S.C. 222 ; 152 S.E., 425 ; 9 C.J., 991; 265 U.S. 365 ; 68 L.Ed., 1067 ; 178 S.C. 252 ; 182 S.E., 758 ; 165 S.C. 404 ; 173 S.C. 172 ; 175 S.E., 273 . Stockholder becomes creditor at maturity: 56 A., 294; 9 C.J., 936, 944; 56 Ark. 335 ; 18 L.R.A., 129; 172 N.Y., 508 ; 50 S.C. 89 ; 27 S.E., 543 .

Opinion of the Court

The opinion of the Court was delivered by

Mr. Justice Baker.

Appeal from decree of Hon. J. Henry Johnson, presiding Circuit Judge, confirming report of Hon. J. B. Atkinson, Special Referee, and overruling all exceptions thereto.

This Court adopts as its opinion the report of the Special Referee, which will be reported. In addition, there will be reported copy of "Paid-up Certificate” appearing folios 115-118; "Cancellation Values,” folio 119; “Surrender and Cancellation Form,” folio 120, and “Transfer Form,” folio 121.

Exceptions overruled and judgment affirmed.

Mr. Chief Justice Stabrer and Messrs. Justices Carter, Bonham and Fishburne concur.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.