Case Name: MORSHEAD et al. v. SOUTHERN PAC CO. et al.
Court: United States District Court for the Southern District of New York
Jurisdiction: United States
Decision Date: 1903-05-07
Citations: 123 F. 350
Docket Number: 
Parties: MORSHEAD et al. v SOUTHERN PAC CO. et al.
Judges: 
Reporter: Federal Reporter
Volume: 123
Pages: 350–351

Head Matter:
MORSHEAD et al. v SOUTHERN PAC CO. et al.
(Circuit Court, S. D. New York.
May 7, 1903.)
1. Corporations—Stockholders’ Suit for Cancellation of Conveyances— Parties.
To a suit by stockholders to have conveyances and instruments executed by the corporation canceled and set aside as fraudulent, the corporation is an indispensable party, and in its absence the court will not consider a motion for a preliminary injunction.
¶ 1. See Corporations, vol. 12, Cent. Dig. § 810,
On Motion for a Preliminary Injunction to Restrain the Issue of Certain Bonds and Stocks. ’
Robert E. Cutting, for the motion.
Maxwell Evarts and Butler, Notman, Joline & Mynderse, opposed.

Opinion:
EACOMBE, Circuit Judge.
The first prayer for relief is "that the deeds, conveyances, and instruments of transfer given in 1899 by the Central Pacific Railway Company be decreed to be fraudulent, void, and of no effect," and every other relief prayed for in the bill is based upon the setting aside of such conveyance. The plaintiffs are stockholders of the Central Pacific Railroad Company. To such a suit the railroad company is an indispensable party. Davenport v. Dows, 18 Wall. 626, 21 L. Ed. 938. It has been named as a party defendant in the bill, but it has not been served, nor has it appeared. It is therefore not before this court upon this application, and in its absence the court will not examine into the merits of an application which must be denied for defect of parties.
Motion denied.