Good v. Derr

SPARKS, Circuit Judge.

Appellant filed this action against appellee to enforce a superadded stockholder’s liability.

It was alleged in the amended complaint that Interstate Securities Company (hereinafter referred to as the company) was incorporated under the laws of South Dakota on December 10, 1913, for the general purpose of conducting an investment and brokerage business, with its principal place of business at Sioux Palls, S. D. That ,at the time of the incorporation the sixth subdivision of the articles contained the following provision:

“The holders of which common stock shall be liable…