Hallam v. Taylor

An action was brought by the plaintiff, as receiver of the Blekre Tire & Rubber Company of Minnesota, in the circuit court of Brown county, S'. D., to- enforce a double stockholders’ liability against -the defendant, Edward E. Taylor, a resident of and within South Dakota. The action was tried to the court, who made findings, conclusions, and a judgment in favor of the defendant. Plaintiff’s motion for new trial being denied, an appeal was perfected to this court.

Respondent was the owner of certain stock in the Automobile Co-operative Tire Corporation of Iowa. This corporation was reorganized…