Coleman v. White
Wisconsin Supreme Court
APPEAL from tbe Circuit Court for Racine County. Tbe case is sufficiently stated in tbe opinion of tbe court. Tbe circuit court rendered judgment for the plaintiff. commented on tbe New York cases sustaining tbe form of action here adopted, and contended that they were not sustained by any decision in any other state, but that where stockholders bad been held personally liable in other states, it bad been so expressly provided in their charters ; citing Ang. & Ames on Corp.,…
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APPEAL from tbe Circuit Court for Racine County. Tbe case is sufficiently stated in tbe opinion of tbe court. Tbe circuit court rendered judgment for the plaintiff. commented on tbe New York cases sustaining tbe form of action here adopted, and contended that they were not sustained by any decision in any other state, but that where stockholders bad been held personally liable in other states, it bad been so expressly provided in their charters ; citing Ang. & Ames on Corp., §§ 611-622. cited as to tbe correctness of tbe form of action, 19 Johns., 456; Rosevelt vs. Brown, 11 N. Y. (1 Kern.),…
1Opinion of the Court
By the Court,
DixoN, C. J.
Section 18 of the general banking law, chapter 71, Revised Statutes, declares: “ The stockholders in every corporation or association organized under the provisions of this chapter, shall be individually responsible, to the amount of their respective share or shares of stock, for all its indebtedness and liabilities of every kind.” This is an action at law founded upon this section, instituted by the plaintiff as a creditor of the City Bank of Racine, a corporation organized under the act, against the defendant, an individual stockholder, to recover a debt due from…
2Cases cited8 opinions
- United States Tr. Co. of New York v. . U.S. Fire Ins. Co.New York Court of Appeals · 1858
- Allen v. SewallNew York Supreme Court · 1829
- Harger v. McCulloughNew York Supreme Court · 1846
- Adler v. Milwaukee Patent Brick Manufacturing Co.Wisconsin Supreme Court · 1860
- Mokelumne Hill Canal & Mining Co. v. WoodburyCalifornia Supreme Court · 1859
3 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Harrigan v. GilchristWisconsin Supreme Court · 1904
- Woodworth v. BowlesSupreme Court of Kansas · 1900
- Lindemann v. RuskWisconsin Supreme Court · 1905
- Killen v. BarnesWisconsin Supreme Court · 1900
- Eau Claire National Bank v. BensonWisconsin Supreme Court · 1900
24 more not listed; retrieve them via the Exa API.