Corwith v. Culver
Illinois Supreme Court
Appeal from the Superior Court of Cook county; the Hon. Charles H. Wood, Judge, presiding. This was an action of assumpsit, brought by Nathan Cor-with and John E. Corwith, partners, against Belden F. Culver, to charge the defendant as a stockholder of the Balbac Smelting and Refining Company, for the payment of a judgment recovered by the plaintiffs against the company. The material facts of the case are stated in the opinion of the court.
1Opinion of the CourtJustice Sheldon
This was an action brought by the plaintiffs, as creditors of a corporation named the Balbac Smelting and Refining Company, organized under the act of February 18, 1857, laws of 1857, p. 161, against the defendant, as a stockholder in the company, under the 9th section of the act, which provides that “all stockholders of every such company shall be severally, individually liable to the creditors of the company, to an amount equal,to the amount of stock held by them, respectively, for all debts and contracts made by such company prior to the time when the whole amount of its capital stock…
2Cases cited4 opinions
- Spear v. CrawfordNew York Supreme Court · 1835
- Mann v. CookeSupreme Court of Connecticut · 1850
- Chaffin v. CummingsSupreme Judicial Court of Maine · 1853
- Downie v. WhiteWisconsin Supreme Court · 1860
3Cited by10 opinions
- Masonic Temple Ass'n v. ChannellSupreme Court of Minnesota · 1890
- Hodgson v. CheeverMissouri Court of Appeals · 1880
- Chicago, Springfield & St. Louis Railway Co. v. MartinAppellate Court of Illinois · 1928
- Martin v. HeymannAppellate Court of Illinois · 1928
- Newmann v. SextonAppellate Court of Illinois · 1910
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