Crawford v. McDowell

This is an action by the receiver of an insolvent corporation to recover from the defendant, one of the subscribers to the stock of the corporation, the unpaid amount of his stock subscription. The question is whether the defendant, a stockholder, may set off in such action certain claims he has against the corporation.

It is well settled that the mere appointment of a receiver does not deprive a debtor of the corporation of the right of set-off. Hade, Recr., v. McVay, Allison & Co., 31 Ohio St., 231; Armstrong, Recr., v. Warner, 49 Ohio St., 376, 31 N. E., 877, 17 L. R. A., 466. If a…