Ogilvie v. Knox Insurance Co.
Supreme Court of the United States
This was an appeal from the Circuit Court of the United States for the district of Indiana. It was a bill filed on the equity side of the court, by Ogilvie, Angle, & Co., traders in partnership in Iowa, together with twelve other persons, citizens of Missouri, Ohio, and. Michigan, against the Knox Insurance Company, and against Levi Sparks and thirty-six other persons, subscribers to the capital stock of the company.
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This was an appeal from the Circuit Court of the United States for the district of Indiana. It was a bill filed on the equity side of the court, by Ogilvie, Angle, & Co., traders in partnership in Iowa, together with twelve other persons, citizens of Missouri, Ohio, and. Michigan, against the Knox Insurance Company, and against Levi Sparks and thirty-six other persons, subscribers to the capital stock of the company. Being a creditor’s bill, filed by the complainants and such other creditors as might make themselves parties, thirty-two other creditors came in and made themselves parties to…
1Opinion of the CourtJustice Grier
The complainants in this case are judgment creditors of the Knox Insurance Company. The numerous other defendants are stockholders of the company, and are severally charged as debtors to it, for the unpaid portion of the stock subscribed by them.
The company is insolvent, or at least is unable to pay its creditors, without calling in the capital subscribed and secured, but not actually paid in cash. This it has fajled or refused to do. This bill is filed to compel These stockholders or debtors to the corporation to pay the amount of their debts, in order that, the creditors of the company may…
2Cited by71 opinions
- Upton v. TribilcockSupreme Court of the United States · 1875
- Richmond v. IronsSupreme Court of the United States · 1887
- Terry v. AndersonSupreme Court of the United States · 1877
- Sanger v. UptonSupreme Court of the United States · 1875
- Hatch v. DanaSupreme Court of the United States · 1880
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