Adamant Manufacturing Co. of America v. Wallace

The opinion of the court was delivered by

Dunbar, J.

This is a suit in equity brought by a *615judgment creditor of an insolvent corporation, to obtain payment for its debts, from certain of the stockholders, upon the ground that the stock subscribed by them had not been fully paid. We say an “insolvent” corporation, although this is one of the questions in controversy; but we are satisfied from an investigation of the record that the corporation was insolvent, so that it will not be necessary to discuss that question further on.. The defendant corporation, the Adamant Plaster Manufacturing…