Howarth v. Lombard
Massachusetts Supreme Judicial Court
Contract, by the receiver of the Traders’ Bank of Tacoma, a State bank of Washington, against one of the shareholders, a citizen of Massachusetts, to collect from him a final assessment to pay the debts of the corporation as prescribed by the statutes of Washington.
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Contract, by the receiver of the Traders’ Bank of Tacoma, a State bank of Washington, against one of the shareholders, a citizen of Massachusetts, to collect from him a final assessment to pay the debts of the corporation as prescribed by the statutes of Washington. The defendant demurred, to the declaration, assigning as grounds therefor: 1. Want of equity; 2. That it did not appear by the declaration that under the laws of this Commonwealth the defendant was under any liability to the plaintiff ; 3. That the plaintiff could not, as receiver of a foreign corporation, recover upon the cause…
1Opinion of the CourtKnowlton, J.
This is an action brought by the plaintiff as receiver of the Traders’ Bank of Tacoma, in the State of Washington, to recover the amount of an assessment laid by the Superior Court of that State upon the defendant as a stockholder. A demurrer was filed which was sustained by the Superior Court, and the case comes before us on an appeal from a judgment for the defendant.
The constitution of Washington contains this provision: “ Each stockholder of any banking or insurance corporation or joint stock association shall be individually and personally liable, equally and ratably, and not one for…
2Cases cited44 opinions
- Huntington v. AttrillSupreme Court of the United States · 1892
- Richmond v. IronsSupreme Court of the United States · 1887
- Sanger v. UptonSupreme Court of the United States · 1875
- Hawkins v. GlennSupreme Court of the United States · 1889
- Casey v. GalliSupreme Court of the United States · 1877
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3Cited by87 opinions
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- Raynes v. SharpMassachusetts Supreme Judicial Court · 1921
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