Legal Opinion
Andrews v. State Ex Rel. Blair
Ohio Supreme Court
Decided November 4, 1931No. 22955PublishedCited by 18 opinions
1Opinion of the CourtMarshall, C. J.
This suit is on behalf of creditors against the stockholders of an insolvent corporation “authorized to receive money on deposit.” This liability exists by virtue of provisions found in Section 3, Article XIII, of the Ohio Constitution:
“Dues from private corporations shall be secured by such means as may be prescribed by law, but in no case shall any stockholder be individually liable otherwise than for the unpaid stock owned by him or her; except that stockholders of corporations authorized to receive money on deposit shall be held individually responsible, equally and ratably, and not one…
2Cases cited20 opinions
- Sawyer v. HoagSupreme Court of the United States · 1873
- Hedges v. Dixon CountySupreme Court of the United States · 1893
- United States Tr. Co. of New York v. . U.S. Fire Ins. Co.New York Court of Appeals · 1858
- Delano v. ButlerSupreme Court of the United States · 1886
- Duke v. ForceWashington Supreme Court · 1922
15 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Witham v. South Side Building & Loan Ass'nOhio Supreme Court · 1938
- Nichols v. Metropolitan Life Ins. Co.Ohio Supreme Court · 1941
- Manchester Premium Budget Corporation v. Manchester Insurance & Indemnity CompanyCourt of Appeals for the Eighth Circuit · 1980
- Cooper v. Fidelity Trust Co.Supreme Judicial Court of Maine · 1934
- Squire, Supt. of Banks v. CramerOhio Court of Appeals · 1940
13 more not listed; retrieve them via the Exa API.