Rhoades v. Townsend

HAHN, J., pro tem.

This appeal comes to us from a money judgment rendered against each of the defendants in an action to enforce a stockholders’ liability for an alleged indebtedness owing by the Metals Refining Company, *123a corporation, in which, defendants were stockholders at the time the indebtedness was incurred.

The points involved in the appeal, as stated by appellants in their brief, are as follows: “1. There can be no stockholders’ liability in a corporation having a dual stock structure. 2. Stock of a Maine corporation, issued in Maine, and transferred in California, without a permit…