Milford Farmers Coöperative Exchange v. Mellinger

The opinion of the court was delivered by

Smith, J.:

This is an action brought by a corporation to collect the balance due upon a subscription to the capital stock of the corporation. Judgment was for defendant. Plaintiff appeals.

*733Appellee was at one time a stockholder in the Geary County Farmers Union Cooperative Exchange. This corporation owned and operated several stores. Among them was a general store at Milford, Kan. It had been purchased by the Geary county company from appellee some years before the suit. He had been paid for the store, partly in cash, partly in stock. The stock consisted…