Pettingill v. State Marketing Ass'n

So far as this action seeks to enforce the liability of stockholders and officers of the State Marketing *208Association, it is in accordance with the established practice of this state, which requires that the whole subject of winding up a corporation, settling with its creditors, and distributing its assets shall be brought before the court as one cause of action. In such an action all creditors of the corporation are deemed parties plaintiff, and all stockholders whose liability upon subscriptions to stock is sought to be enforced, and who are within the jurisdiction of the court, must be made…