Hancock National Bank v. Farnum
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OF RHODE ISLAND. The facts of this case are these: The plaintiff in error, plaintiff below, a creditor of the Commonwealth Loan & Trust Company, a corporation duly organized under the laws of the State of Kansas, recovered a judgment on December 8, 1893, in the Circuit Court of the United States for the District of Kansas against the corporation for the sum of $16,136.76, debt, and $28.45 costs of suit.
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ERROR TO THE SUPREME COURT OF THE STATE OF RHODE ISLAND. The facts of this case are these: The plaintiff in error, plaintiff below, a creditor of the Commonwealth Loan & Trust Company, a corporation duly organized under the laws of the State of Kansas, recovered a judgment on December 8, 1893, in the Circuit Court of the United States for the District of Kansas against the corporation for the sum of $16,136.76, debt, and $28.45 costs of suit. Thereafter, on April 27, 1894, an execution was issued on the judgment, and after due search and diligence no property of the corporation could be found…
1Opinion of the CourtJustice Brewer
This case brings to our consideration the same constitutional and statutory provisions of the State of Kansas which were before us in Whitman v. Oxford National Bank, ante, 563. In that case we decided that a plaintiff, after the recovery of a judgment against a Kansas corporation in the courts of Kansas, and the return of an execution unsatisfied, could maintain an action in any court of competent jurisdiction against a stockholder of the corporation to recover in satisfaction of his judgment an amount not exceeding the par value of the defendant’s stock. It is unnecessary to rediscuss the…
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