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" ... company such extra dividend belongs to the life tenant, unless part of it was earnings carried to account of accumulated profits or surplus earnings at the death of the testator, or at the time of the investment, if made since his death, in which... "
Reports of Cases Decided in the Court of Chancery of the State of New Jersey - Page 620
by New Jersey. Court of Chancery - 1869
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Reports of Cases Adjudged in the High Court of Chancery: Before ..., Volume 3

Sir Edward Ebenezer Kay, Great Britain. Court of Chancery, Henry Robert Vaughan Johnson - Equity - 1855 - 838 pages
...cestuis que trusts of this money. They must be some of the creditors of Mills, who were such either at the death of the testator, or at the time of the decree; but there is given by the will a power to the trustees to select which of the creditors should...
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Reports of Cases Argued and Determined in the Court of Chancery ..., Volume 4

New Jersey. Court of Chancery - Equity - 1869 - 644 pages
...the earnings on such capital, as well ai on the par value of the shares, belong to the life tenant. 2. When an extra dividend is declared out of the earnings...so much must be considered as part of the capital! This cause was heard on bill and answer. Mr. Emery and Mr. Richey, for complainants. Mr. CS Green,...
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The American Law Register, Volume 8

Law - 1869 - 820 pages
...Truttee, 4 CE Green. When an extra dividend is declared out of the earnings or profits of such companv, such extra dividend belongs to the life tenant, unless...so much must be considered as part of the capital : Id. VENDOR AND PURCHASER. Forfciture. — When the time for payment of the purchase-money has been...
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Reports of Cases Argued and Determined in the Court of Chancery ..., Volume 11

New Jersey. Court of Chancery - Equity - 1876 - 652 pages
...dividends in question as having^been declared in respect to the earnings of the company, not carried to the account of accumulated profits or surplus earnings at the death of the testator, as to any stock held by him then, or at the time of the investment, as to any stock bought by the executors...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 136

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1890 - 716 pages
...belong to the life tenant ; and when an extra dividend is declared out of the earnings or profits of the company such extra dividend belongs to the life tenant,...so much must be considered as part of the capital." This ruling was followed in Ashurst v. Field, 26 NJ Eq. 1. (f ) The decisions in New Hampshire. A testator...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 136

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1890 - 706 pages
...belong to the life tenant ; and when an extra dividend is declared out of the earnings or profits of the company such extra dividend belongs to the life tenant,...so much must be considered as part of the capital." This ruling was followed in Ashurst v. Field, 26 NJ Eq. 1. (f) The decisions in New Hampshire. A testator...
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A Treatise on the Law of Private Corporations: Divided with ..., Volume 1

Thomas Carl Spelling - Corporation law - 1892 - 736 pages
...the life tenant. When an extra dividend is declared out of the earnings or profits of the company, it belongs to the life tenant, unless part of it was...which case so much must be considered as part of the capital.1 If the owner of bank shares conveys them to another in trust, the dividends to be paid to...
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The American and English Encyclopedia of Law, Volume 27

John Houston Merrill, Thomas Johnson Michie, Charles Frederic Williams, David Shephard Garland - Law - 1895 - 1082 pages
...tenant. And when there is a declaration of an extra dividend out of the earnings or profits of the company, such extra dividend belongs to the life tenant,...of accumulated profits or surplus earnings at the testator's death, or at the time of the investment, if made since his death, in which case so much...
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Reports of Cases Heard and Determined in the Appellate Division ..., Volume 138

New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1910 - 1076 pages
...was commenced on July 21, 1907 ; at that time the Statute of Limitations, whether it commenced to run at the death of the testator or at the time of the entry of such judgment, had not barred the plaintiff's cause of action and constituted no defense thereto....
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Commentaries on American Law, Volume 2

James Kent - Law - 1901 - 1112 pages
...Rev. 720. But the tendency of some decisions is to give the tenant for life all extra dividends except earnings carried to account of accumulated profits or surplus earnings at the time the stock was bequeathed or purchased. Earp's Appeal, supra ; Van Doren v. Alden, 4 CE Green (19...
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