Wilkin Grain Co. v. Monroe County Co-Operative Ass'n

The primary question here for consideration is whether or 11 ot the defendants, stockholders in the Monroe County Co-operative Association, of Albia, are liable for that institution's debts because it did not legally become a corporation under the laws made and provided therefor. Another phase of the litigation is incidentally involved. It has to do with the Monroe County Co~operative Mercantile Company and its stockholders.

Appellee has alleged in its petition, and the trial court likewise found, that the property belonging to the Monroe County Co-operative Association and its stockholders…