Van Hook v. Whitlock
New York Supreme Court
PPEAL from Chancery. This was a bill against the respondents, stockholders of The Commercial Insurance Company of JVew-York, incorporated by an act of the legislature on the 4th day of April, 1805, for the purpose of charging them individually' with the debts of the corporation, under the twelfth section of the act incorporating the company.
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PPEAL from Chancery. This was a bill against the respondents, stockholders of The Commercial Insurance Company of JVew-York, incorporated by an act of the legislature on the 4th day of April, 1805, for the purpose of charging them individually' with the debts of the corporation, under the twelfth section of the act incorporating the company. The section is in these words: u And be it further enacted, that in respect to all debts contracted by the said corporation before the said second Tuesday of January, which will be in the year of our Lord one thousand eight hundred and twenty, (the time…
1Opinion of the Court
After advisement, the following opinion was delivered:
By the Chief Justice.
The bill in this case was filed by several creditors of The Commercial Insurance Company ofJVew-Ybrk for the purpose of charging the defendants, as stockholders of the same, under the twelfth section of its charter, which declared, that in respect to all debts contracted by the corporation previous to the expiration of its charter, the persons composing the company at the time of its dissolution should be responsible in their individual and private capacity to the extent of their respective shares of stock at the time.
T…
2Cases cited5 opinions
- Ogden v. SaundersSupreme Court of the United States · 1827
- Bank of Columbia v. OkelySupreme Court of the United States · 1819
- Clay v. SmithSupreme Court of the United States · 1830
- Van Raugh v. Van ArsdalnNew York Supreme Court · 1805
- Scott v. Ezra Lunt's AdministratorSupreme Court of the United States · 1832
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- Harrison v. Board of Supervisors of Milwaukee CountyWisconsin Supreme Court · 1881
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