Court Opinion

ID: 3497905
Source: CourtListenerOpinion
Date Created: 2016-07-05 22:05:24.455603+00
Date Added: 2024-06-11T14:15:39.599098
License: Public Domain

I agree with what is said by Justice OSTRANDER upon the subject of capitalization. I agree with what he says as to the smelting enterprise on the River Rouge. I do not agree with all that is said by him in his discussion of the question of dividends. I do agree with him in his conclusion that the accumulation of so large a surplus establishes the fact that there has been an arbitrary refusal to distribute funds that ought to have been distributed to the stockholders as dividends. I therefore agree with the conclusion reached by him upon that phase of the case.
BIRD, C.J., and KUHN, J., concurred with MOORE, J.
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