Allison v. Coal Co.

This is a bill filed by creditors of the defendant corporation: first, to have the corporation wound up as an insolvent -corporation, and its assets equally distributed among all its creditors; second, to bold the directors, who are made defendants, individually liable for all debts created in excess of the capital stock paid in. The first relief sought has been obtained under the decree of the Chancellor, and no error is assigned thereto.

The corporation is a coal mining company, and was organized in June, 1884, under Section 11 of the general incorporation Act of 1875, with a capital of only…