Shelton v. Montoya Oil & Gas Co.

The judgments of the trial, court and of the Court of Civil Appeals (272 S. -W. 222) denied to plaintiff in error the right to a personal recovery against the individual defendants in a suit upon a series of promissory notes, signed “Montoya Oil & .Gas Co., per S. E. Rickets, Sec.”; the individual defendants being stockholders and trustees in the Montoya Oil & Gas Company, an unincorporated, so-called trust. The writ was granted “because the so-called stockholders and trustees were liable as trustees. See Thompson v. Schmitt, 115 Tex. 53, 274 S. W. 554; Victor Refining Co. v. Bank, 115 Tex.…