Legal Opinion
Camp Manufacturing Co. v. Harriman
New York Supreme Court
Decided December 15, 1896Published
Action to enforce the liability of directors of a corporation for failure to file an annual report.
1Opinion of the CourtRussell, J.
The plaintiff seeks to recover against two of the directors of the .Reamer Lumber Company, a corporation, for goods sold to the corporation, without first having obtained a judgment against the principal debtor and exhausting its remedies against that company. The liability of the directors is based upon section 30 of the Stock Corporation Law (Chap. 688, Laws of 1892), which makes all of. the directors jointly and severally liable for all the debts of the corporation in case of failure to file a signed and verified annual report of the-condition of the corporation, as required by -the…
2Cases cited3 opinions
- National Bank v. . DillinghamNew York Court of Appeals · 1895
- Bank of Metropolis v. . FaberNew York Court of Appeals · 1896
- Bank of the Metropolis v. FaberAppellate Division of the Supreme Court of the State of New York · 1896