Wilkinson v. Wogan

The plaintiffs, representing themselves to be the duly appointed and qualified liquidators of the Heaslip Molasses & Sugar Company have instituted the present suit on a note for $7,100, alleged to have been executed by the defendant for the purchase price of 71 shares of the capital stock of said company.

Plaintiffs allege that said company is insolvent, and that its total assets, including all valid collectable debts due it, are not sufficient to liquidate its indebtedness.

Defendant excepted to plaintiff’s suit on the ground that the Heaslip Molasses & Sugar Company is a corporation organized…