Succession of Thomson
Supreme Court of Louisiana
Monroe, J. PPEAL from the Civil District Court, Parish of Orleans. Subscribers to the capital stock of the Citizens Bank are personally liable for the amount subscribed. Charter of the bank and laws amendatory thereof; Angelí and Ames on Corporations, 10th Ed., p. 528; Morawetz Priv. Corp., Yol. 2, See. 56 et seq.; Waterman Corp., Vol. 2, Sec. 175; Cook on Stockholders, Sec. 69 et seq.
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Monroe, J. PPEAL from the Civil District Court, Parish of Orleans. Subscribers to the capital stock of the Citizens Bank are personally liable for the amount subscribed. Charter of the bank and laws amendatory thereof; Angelí and Ames on Corporations, 10th Ed., p. 528; Morawetz Priv. Corp., Yol. 2, See. 56 et seq.; Waterman Corp., Vol. 2, Sec. 175; Cook on Stockholders, Sec. 69 et seq. Act No. 100 of 1847 does not limit the terms and number of contributions to be paid by the stockholders of the Citizens Bank as it does for the Consolidated Association of Planters of Louisiana. Under the…
1Opinion of the Court
The opinion of the court was delivered <by
Nicholls, C. J.
This is an appeal from a judgment of the Civil District Court for the parish of Orleans, dismissing an opposition filed by the Citizens Bank to the account of the testamentary executrix of Adam Thomson, and homologating said account and authorizing and directing the distribution of the funds of the succession in accordance therewith.
The petition of opposition avers that Thomson was at his death, and had been for many years before, a stockholder of the bank, holding and owning eight hundred .and fifty-four shares of the capital stock of…
2Cases cited1 opinion
- Cucullu v. Union InsuranceSupreme Court of Louisiana · 1842