Old Dominion Copper Mining Co. v. Lewisohn - 210 U.S. 206 (1908)
U.S. Supreme Court
Old Dominion Copper Mining Co. v. Lewisohn, 210 U.S. 206 (1908)
Old Dominion Copper Mining and
Smelting Company v. Lewisohn
Argued April 16, 20, 1908
Decided May 18, 1908
210 U.S. 206
A corporation remains unchanged and unaffected in its identity by changes in its members, nor does it change its identity by increasing its capital stock, and its legal action is equally binding on itself after such an increase as it was prior thereto.
A corporation should not be allowed to disregard its assent previously given in order to charge a single member with the whole results of a transaction to which the greater part -- in this case, thirteen-fifteenths -- of its stock were parties for the benefit of the guilty and innocent alike.
148 F. 1020 affirmed.
The facts are stated in the opinion.