Rochelle Roofing Co. v. Burley & Stevens, Inc.
Massachusetts Supreme Judicial Court
Bill in equity, filed in the Superior Court on September 5 and amended on September 13, 1911, by a judgment creditor of the World’s Shoe and Leather Fair Company, a corporation established under the laws of the State of Maine, to enforce the alleged liability of the defendants under the Revised Statutes of Maine (1903), c. 47, §§ 87, 89, as subscribers for stock in that corporation for which they had not paid.
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Bill in equity, filed in the Superior Court on September 5 and amended on September 13, 1911, by a judgment creditor of the World’s Shoe and Leather Fair Company, a corporation established under the laws of the State of Maine, to enforce the alleged liability of the defendants under the Revised Statutes of Maine (1903), c. 47, §§ 87, 89, as subscribers for stock in that corporation for which they had not paid. The case was referred to a master, who made a report containing the findings that are stated in the opinion. The case was heard by Jenney, J., upon exceptions to the master’s report.…
1Opinion of the CourtCarroll, J.
The plaintiff, a judgment creditor of a Maine corporation, brings this bill in equity under the Revised Statutes of Maine (1903), c. 47, §§ 87,89, to recover against the defendants on the ground that they “have subscribed for or agreed to take stock in said corporation and have not paid for the same.” In Auld v. Caunt, 216 Mass. 381, it was decided that a purchaser of stock from a subscriber was not one who had subscribed for or agreed to take stock in the corporation within the meaning of this statute and was not liable thereunder. The plaintiff seeks to distinguish that case from the one at…
2Cases cited3 opinions
- Willets v. LanghaarMassachusetts Supreme Judicial Court · 1912
- Joslin v. GoddardMassachusetts Supreme Judicial Court · 1905
- Auld v. CauntMassachusetts Supreme Judicial Court · 1914
3Cited by1 opinion
- Miners National Bank v. Frackville Sewerage Co.Superior Court of Pennsylvania · 1945