Nuckels v. Robinson-Pettett Co.

Opinion of the Court by

Judge Nunn

Affirming.

The question on this appeal involves the personal liability of tbe officers and directors of a bankrupt corporation for an indebtedness incurred by them in behalf of the corporation in excess of its charter limits.

Nuckels & Company was incorporated under the laws of Kentucky in May, 1913, to operate a drug store, with permission to incur an indebtedness not to exceed $2,000. The corporation lasted for about six months, or until October, when it was adjudged a bankrupt under the Federal law.

J. Leon Nuckels, appellant, Chesney Asher, and Hettie A.…