Denmark v. Ridgell Furniture Co.

Decision Date14 November 1934
Citation117 Fla. 244,157 So. 489
PartiesDENMARK et al. v. RIDGELL FURNITURE CO. et al.
CourtFlorida Supreme Court

En Banc.

Original application by J. H. Denmark and another for writ of certiorari and prohibition against the Ridgell Furniture Company and another to set aside on certiorari, or avoid the effect of on prohibition, an order and judgment of the circuit court of Duval county.

Certiorari denied, and prohibition proceeding quashed.

COUNSEL Kay, Adams, Ragland & Kurz, of Jacksonville for petitioners.

Lee Guest, of Jacksonville, for respondents.

OPINION

PER CURIAM.

This is an application for writ of certiorari and prohibition against the circuit court of Duval county to set aside on certiorari or avoid the effect of on prohibition, that certain order and judgment of the circuit court of Duval county in terms as follows:

'In the Circuit Court of the Fourth Judicial Circuit of the State of Florida in and for Duval County. Appeal Case No 1032.
'Ridgell Furniture Company, a Corporation, Appellant,

v.

J. H. Denmark and Flossie Denmark, Appellees

'Appeal from the Civil Court of Record of Duval County,

'Judgment

'This cause coming on to be heard upon the records upon appeal from the Civil Court of Record of Duval County, Florida, and the same having been argued by counsel for the respective parties, and considered by the Court, it appearing that this is an action brought by the plaintiff below, appellant here, against the defendants below, appellees here, wherein in the declaration, the plaintiff is alleged to be a judgment creditor of Denmark Furniture Company, a corporation organized under chapter 10096, Laws of Florida, 1925, having obtained its judgment upon an open account against said corporation, and the defendants are alleged to be the president and Secretary, respectively of said corporation, and directors thereof; that, notwithstanding the frequent requests of said plaintiffs to said corporation to pay the indebtendness due it, said corporation failed and refused to pay said indebtedness, caused all accounts receivable to be transferred from said corporation to one of said defendants for a certain sum in cash and then permitted nearly all of said cash to be transferred to the other defendant, thereby leaving the said corporation without any assets to pay the just indebtedness of the plaintiff to the loss of plaintiff and in violation of the law; that the cause of action set forth in the several counts of plaintiff's declaration is apparently based upon section 43, of chapter 10096, Laws of Florida, 1925, which section provides as follows:

"No corporation which shall have refused to pay any of its notes or other obligations, when due, in lawful money of the United States, nor any of its officers, or directors, shall transfer any of its property to any of its officers, directors or stockholders, directly or indirectly, for the payment of any debt, or upon any other consideration than the full value of the property paid in cash. No conveyance, assignment or transfer of any property of any such corporation by it or by any officer, director or stockholder thereof, nor any payment made, judgment suffered, lien created or security given by it or by any officer, director or stockholder when the corporation is insolvent or its insolvency is imminent, with the intent of giving a preference to any particular creditor over other creditors of the corporation, shall be valid. Every person receiving by means of any such prohibited act or deed any property of a corporation shall be bound to account therefor to its creditors or stockholders. No holder of stock of any corporation not fully paid shall make any transfer thereof to any person in contemplation of the corporation's insolvency. Every transfer or assignment or other act done in violation of the foregoing provision of this section shall be void, but no such conveyance, assignment or transfer shall be void in the hands of a purchaser for a valuable consideration without notice. The directors or officers of a corporation who shall
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12 cases
  • State v. Aiuppa
    • United States
    • Florida Supreme Court
    • May 1, 1974
    ...the proper construction of our own statute. Gay v. Inter-County Tel. & Tel. Co., 60 So.2d 22 (Fla.1952); Denmark v. Ridgell Furniture Co., 117 Fla. 244, 157 So. 489 (1934); Venice East, Inc. v. Manno, 186 So.2d 71 (Fla.App.2d 1966). If a Florida statute is patterned after a statute of a sis......
  • Blackwelder v. D'Ercole Enterprises, Inc.
    • United States
    • Florida District Court of Appeals
    • January 22, 1963
    ...Stock Corporation Law, McKinney's Consol.Laws, c. 59, § 15, and the Florida statute was adopted from New York. See Denmark v. Ridgell Furniture Co., 117 Fla. 244, 157 So. 489.5 Blackwelder's testimony as it related to the deed included the following: 'Q (By Mr. Bodner) What was the consider......
  • Venice East, Inc. v. Manno
    • United States
    • Florida District Court of Appeals
    • May 13, 1966
    ...Florida courts in construing our statute. Jasson D. Radding, Inc. v. Coulter, 138 So.2d 380 (D.C.A.Fla. 1962); Denmark v. Ridgell Furniture Co., 117 Fla. 244, 157 So. 489 (1934). It has been held that where a corporation may be in straitened financial circumstances and have difficulty meeti......
  • Freehling v. Michigan Repacking and Produce Company
    • United States
    • U.S. Court of Appeals — Fifth Circuit
    • May 27, 1970
    ...correct standard. F.S.A. § 608.55 was originally enacted in 1925. It was based on an earlier New York Statute. Denmark v. Ridgell Furniture Co., 117 Fla. 244, 157 So. 489 (1934). When Florida enacted the New York statute it also adopted "any known and settled construction that had been plac......
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