Bayliss v. Swift
Supreme Court of Iowa
Appeal from Blaehhawk District Oourt. The plaintiff, in the first count of his petition, alleges that he recovered two judgments against the "Waterloo Agricultural Works, an acting corporation doing business at the city of Waterloo, aggregating the sum of $3,904.46, and costs. That the defendants are stockholders and owners and holders of shares of the stock of said Waterloo Agricultural Works.
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Appeal from Blaehhawk District Oourt. The plaintiff, in the first count of his petition, alleges that he recovered two judgments against the "Waterloo Agricultural Works, an acting corporation doing business at the city of Waterloo, aggregating the sum of $3,904.46, and costs. That the defendants are stockholders and owners and holders of shares of the stock of said Waterloo Agricultural Works. That plaintiff caused executions to be issued on said judgments and placed in the hands of the sheriff of said county, who made a demand upon an acting officer of said corporation for property upon…
1Opinion of the CourtDay, J.
Section 1166 of the Eevision of 1860, 689 of the Code of 1851, provides that a failure to comply with certain-requisitions in relation to the organization and • publicity of corporations, renders the individual property of all the stockholders liable for the corporate debts. Section 1068 of the Code of 1873 is substantially the same, except as to railway-corporations. Section 1172 of the Eevision, 695 of the Code of 1851, provides: “Nothing herein contained exempts the stockholders of any corporation from individual liability to the amount of the unpaid installments on the stock owned by them…
2Cited by8 opinions
- Eisfeld v. KenworthSupreme Court of Iowa · 1879
- Rutenbeck v. HohnSupreme Court of Iowa · 1909
- Singer, Nimick & Co. v. GivenSupreme Court of Iowa · 1883
- Calumet Paper Co. v. Stotts Investment Co.Supreme Court of Iowa · 1895
- Tama Water-Power Co. v. HopkinsSupreme Court of Iowa · 1890
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