Wolverton v. Taylor
Appellate Court of Illinois
Appeal from the Superior Court of Cook County; .the Hon. Henby M. Shepabd, Judge, presiding.
1Opinion of the CourtGary, J.
The appellants filed a bill to enforce the liability of the appellees as directors and officers of a corporation named George H. Taylor & Company. Such liability is charged upon the ground that they consented to the creation of an indebtedness by the corporation exceeding the amount of its capital .stock, and so became liable for such excess under Sec. 16 of the act concerning corporations, approved April 18, 1872. The debts sued for were created in October, November and December, 1882, by promissory notes becoming due in March and April, 1883.
The bill was filed January 12, 1888—more than…
2Cases cited9 opinions
- Hornor v. HenningSupreme Court of the United States · 1876
- Diversey v. SmithIllinois Supreme Court · 1882
- Emory v. KeighanIllinois Supreme Court · 1878
- Queenan v. PalmerIllinois Supreme Court · 1886
- Low v. BuchananIllinois Supreme Court · 1879
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3Cited by3 opinions
- Sarelas v. McCue & Co.Appellate Court of Illinois · 1937
- Woolverton v. George H. Taylor Co.Appellate Court of Illinois · 1891
- George H. Taylor Co. v. WoolvertonAppellate Court of Illinois · 1890