transfer of assets from insolvent corporation to another corporation having same officers and virtually identical directors and shareholders was utterly void as to insolvent corporation’s creditors and the assets transferred constitute a trust fund for payment of said creditors.
How later courts described this case
- transfer of assets from insolvent corporation to another corporation having same officers and virtually identical directors and shareholders was utterly void as to insolvent corporation’s creditors and the assets transferred constitute a trust fund for payment of said creditors.
Written by the judges who cited it.
The opinion
GRAVES, J.
(dissenting). — In this case, I dissent
from the opinion by the learned Special Judge, for the reason expressed by Valliant, C. J., in the case of Johnson v. United Railways Co., 247 Mo. l. c. 366.
Woodson, J.,
concurs in these views.