Allen v. Ryan

Stephens, J.:

The corporation named in the title of the action was incorporated in March, 1916, and became a voluntary bankrupt in August of the following year; the plaintiff Allen was appointed trustee in bankruptcy and he duly qualified for the execution of his trust.

This is one of several actions brought against individuals to recover the amount unpaid upon their respective subscriptions for shares of the capital stock of the said corporation; the trustee has been authorized by the Federal court to institute the actions and he is, therefore, invested with the right, unquestioned here, to…