Hospelhorn v. Emerson

John D. Hospelhorn, receiver of the Baltimore Trust Company, brought a suit at law in the Circuit Court for Baltimore County against Anne Preston Emerson, individually, and as trustee for Sallie McAdoo, minor, to collect the stockholders’ liability imposed by section 72 of article 11 of the Code. The case was tried before the court sitting as a jury, on facts stipulated by counsel for the respective parties. At the conclusion of the case the trial court rejected eleven instructions offered by the plaintiff and two offered by the defendant, and, in accordance with the views expressed in an…