Hill v. Frazier
Supreme Court of Pennsylvania
Error to the District Court of Allegheny county. This was an. action of debt founded upon the 14th section of the General Manufacturing Act of 7th April, 1849. It was brought in the name of I. N. Erazier, for the use of M. Eldred, Jr., v. William A. Hill.
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Error to the District Court of Allegheny county. This was an. action of debt founded upon the 14th section of the General Manufacturing Act of 7th April, 1849. It was brought in the name of I. N. Erazier, for the use of M. Eldred, Jr., v. William A. Hill. On the trial, it was proved, on the part of the plaintiff, that the claims in question had been assigned to Eldred before the suit was commenced; that it was commenced by Eldred and was being prosecuted by him and for his own use. At the time the claim was assigned to Eldred, at the time the suit was brought, and when it was tried, Eldred…
1Opinion of the Court
The opinion of the Court was delivered by
Black, C. J.
The act “to encourage manufacturing operations in this Commonwealth,” passed April 7, 1849, authorizes persons, who choose to become stockholders in a manufacturing company, to incorporate themselves by filing a certificate of certain facts in the recorder’s office of the proper county, and transmitting a copy to the secretary of the Commonwealth. The 9th section declares that the stockholders shall be jointly and severally liable in their individual capacities, to the amount unpaid on their respective shares for all debts of the company.…
2Cases cited2 opinions
- Galbraith v. ElderSupreme Court of Pennsylvania · 1839
- President, Managers, & Co. v. WatsonSupreme Court of Pennsylvania · 1829
3Cited by14 opinions
- Bird Coal & Iron Co. v. HumesSupreme Court of Pennsylvania · 1893
- Dinger v. FriedmanSupreme Court of Pennsylvania · 1924
- Fell v. PittsSupreme Court of Pennsylvania · 1919
- Chalupiak v. StahlmanSupreme Court of Pennsylvania · 1951
- In Re Papercraft Corp.District Court, W.D. Pennsylvania · 1997
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