Thacher v. King
Massachusetts Supreme Judicial Court
Bill in equity, filed on April 7, 1890, by Henry C. Thacher and Thomas C. Thacher, copartners, judgment creditors under the Pub.
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Bill in equity, filed on April 7, 1890, by Henry C. Thacher and Thomas C. Thacher, copartners, judgment creditors under the Pub. Sts. c. 106, § 62, “ in behalf of themselves and of all other creditors of the Bay State Felt Boot and Shoe Company,” a corporation established under the laws of the Commonwealth, against said corporation, and Theophilus King, Elbridge M. Morse, Moses G. Clement, James D. Pike, and Isaac B. .Little, its directors, to enforce the personal liability of the directors, on the ground that on January 30, 1889, at the time of the commencement of the action at law of the…
1Opinion of the CourtMorton, J.
This is a bill in equity, brought by judgment creditors of the defendant corporation to enforce the liability of its president and directors to the extent of the excess of its debts over its capital, as provided in Pub. Sts. c. 106, § 60, cl. 3, § 62, et seq. The case was heard upon a master’s report, and the plaintiffs, Thacher and Company, had a decree for the amount of their judgment, and also for the amount of a simple contract debt due to them, with interest. The claim of another creditor, the New England Leather Company, was rejected. This company and the defendants appeal, and present…
2Cases cited6 opinions
- Knox v. . BaldwinNew York Court of Appeals · 1880
- Easterly v. BarberCommission of Appeals · 1875
- First National Bank v. Hingham Manufacturing Co.Massachusetts Supreme Judicial Court · 1879
- Brown v. New Bedford Institution for SavingsMassachusetts Supreme Judicial Court · 1884
- Potter v. Stevens Machine Co.Massachusetts Supreme Judicial Court · 1879
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3Cited by9 opinions
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- Janney v. Minneapolis Industrial ExpositionSupreme Court of Minnesota · 1900
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