In re South Mountain Consolidated Mining Co.
District Court, D. California
Application for leave of assessment on shareholders of stock of a mining corporation.
1Opinion of the Court
Hoffman, D. J.
At the request of counsel I indicate the grounds for the denial of the application heretofore made to order an assessment to be levied on the shareholders of the above corporation. The assessment is asked for with the object of collecting the same by suits in personam against delinquent shareholders. The question whether they are personally liable must, therefore, first ne determined. I do not question the power of the court to compel contribution of unpaid subscriptions to the capital stock of an insolvent corporation for the purpose of paying its debts. Upton v. Tribil*405cock, 91…
2Cases cited16 opinions
- Upton v. TribilcockSupreme Court of the United States · 1875
- Sanger v. UptonSupreme Court of the United States · 1875
- Hatch v. DanaSupreme Court of the United States · 1880
- Chubb v. UptonSupreme Court of the United States · 1877
- Turnbull v. PaysonSupreme Court of the United States · 1877
11 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Mitchell v. BeckmanCalifornia Supreme Court · 1883
- Vermont Marble Co. v. Declez Granite Co.California Supreme Court · 1902
- Young v. Erie Iron Co.Michigan Supreme Court · 1887
- R. H. Herron Co. v. ShawCalifornia Supreme Court · 1913
- Harmon v. PageCalifornia Supreme Court · 1882
7 more not listed; retrieve them via the Exa API.