Publisher's Synopsis
Excerpt from Proceedings of the Washington State Bar Association: Thirteenth Annual Session Held at the City of Spokane, July 9th, 10th and 11th, 1901
The president - Are there any remarks to be made on the President's address? If not, I take great pleasure in introducing to you a gentleman that perhaps needs no introduction from me, who is to read a paper on a subject that at this time is particularly apropos. The very question involved in this paper - I do not know which side he is going to take, but hope it will be my side comes up to be heard before Judge Belt, and I believe it is a sub jcet we are all very much interested in; that is the trust fund theory of corporations, and I now introduce Judge Kellam.
Judge Kellam then read before the Association his paper on the Trust Fund Theory of Corporation Assets. (see Appendix.) the president - The chair finds it necessary before suggesting that Judge Kellam's paper form a subject for discussion, to say a word in his own defense. Judge Kellam has so recently come from the highest appellate tribunal of the State of Dakota, that he is still laboring under the delusion that whatever comes from the highest court must be understood - and I might say understood by all alike. Unfortunately, that does not happen to be the case.
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