Norris v. Wrenschall
Court of Appeals of Maryland
Appeal from the Superior Court of Baltimore City. The appellee in this case having'recovered judgment against The Baltimore City Concrete Stone Company, (incorporated under the provisions of Article 26 of the Code, relating to manufacturing companies,) for services rendered the company as superintendent, instituted on the 23d of June, 1870, an action under the Act of 1864, ch. 6, against the appellant, a stockholder, to enforce his individual liability for the debt, under…
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Appeal from the Superior Court of Baltimore City. The appellee in this case having'recovered judgment against The Baltimore City Concrete Stone Company, (incorporated under the provisions of Article 26 of the Code, relating to manufacturing companies,) for services rendered the company as superintendent, instituted on the 23d of June, 1870, an action under the Act of 1864, ch. 6, against the appellant, a stockholder, to enforce his individual liability for the debt, under section 52 of Article 26 of the Code. The plaintiff filed with his declaration an account verified by affidavit, together…
1Opinion of the CourtMiller, J.
We have decided in Norris vs. Johnson, (ante 485,) that an action at law may be brought by a creditor to enforce the liability of stockholders under section 52 of Article 26 of the Code. We have also there determined that the extent of the *499liability of each stockholder is measured by the amount of stock held by him at the time the debt was contracted, continues at least until all the capital stock is paid in, and is in no wise affected by the amount thereof that may at any time remain unpaid. There is no provision in the Code by which this liability is made dependent upon any other…
2Cases cited3 opinions
- Matthews v. AlbertCourt of Appeals of Maryland · 1866
- First National Bank v. PriceCourt of Appeals of Maryland · 1871
- King v. HicksCourt of Appeals of Maryland · 1870
3Cited by27 opinions
- Diversey v. SmithIllinois Supreme Court · 1882
- Hager v. ClevelandCourt of Appeals of Maryland · 1872
- Austin, Commissioner v. StrongTexas Supreme Court · 1928
- Perry v. TurnerSupreme Court of Missouri · 1874
- Colton v. MayerCourt of Appeals of Maryland · 1900
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