Markell v. Ray
Supreme Court of Minnesota
Action by the assignee of Henry H. Bell, insolvent, in behalf of himself and all other creditors of the Masonic Temple Association of Duluth, insolvent, against the association and its shareholders to enforce the statutory liability of stockholders. Defendants Robert C. Ray, Caroline E. Ray and Marion Ray, were the devisees of James D. Ray, deceased, who at the time of his death was an owner and holder of certain shares of the stock of said association.
Read the full summary
Action by the assignee of Henry H. Bell, insolvent, in behalf of himself and all other creditors of the Masonic Temple Association of Duluth, insolvent, against the association and its shareholders to enforce the statutory liability of stockholders. Defendants Robert C. Ray, Caroline E. Ray and Marion Ray, were the devisees of James D. Ray, deceased, who at the time of his death was an owner and holder of certain shares of the stock of said association. Robert C. Ray was also sued as executor of said James D. Ray, deceased. From a judgment against the defendants Ray and from an order of the…
1Opinion of the CourtCanty, J.
This is an acti'on under G. S. 1894, c. 76, brought on behalf of the plaintiff and all other creditors of the Masonic Temple Association of Duluth, an insolvent corporation, to enforce the double or super-added liability of its stockholders.
1. The action was commenced October 31, 1895. Only a few of the alleged stockholders were then made parties to the action, and among those were Robert C. Ray and Caroline E. Ray. October 23, 1896, the complaint was, on the application of plaintiff, amended by an ex parte order of the court so as to set up a new cause of action against Robert C. Ray and…
2Cases cited4 opinions
- Harper v. CarrollSupreme Court of Minnesota · 1896
- Wilder v. PeabodySupreme Court of Minnesota · 1887
- Richardson v. MerrittSupreme Court of Minnesota · 1898
- Cosgrove v. McKasySupreme Court of Minnesota · 1896
3Cited by4 opinions
- Holden v. TurrellSupreme Court of Minnesota · 1902
- Rue v. MillerCourt of Appeals for the Sixth Circuit · 1903
- Reconstruction Finance Corp. v. RawlingsCourt of Appeals for the Fifth Circuit · 1935
- Hamilton v. LoebU.S. Circuit Court for the District of Eastern Pennsylvania · 1910