United States Glass Co. v. Levett

The action is brought under the Stock Corporation Law (Laws- of 1892, chap. 688) to enforce the liability of stock-, holders for a debt- of the corporation, The Levett-Hilton Company, on the ground that the stock of the company had not been fully paid in. § 54. By the same act it is provided that such' an action shall not be brought until judgment therefor has been recovered against the. corporation and an execution thereon has been returned unsatisfied; -the amount due on such execution to be the amount recoverable, With costs, against the stockholders. § 55, No such judgment had been…