Johnson v. . Underhill

If the appellant, Johnson, was not legally liable to the plaintiffs in the actions in which judgments were obtained against him, then he has no cause of action against the respondents; for there was never any obligation or duty to him from Underhill, to protect him against unfounded claims.

It is, then, first to be determined whether such liability existed.

The general act for the formation of manufacturing corporations (Laws of 1848, chap. 40, p. 54) is somewhat peculiar in its provisions.

There is manifest throughout it an intention to hold the stockholders to a liability more stringent than…