Jackson Fire & Marine Insurance v. Walle

The opinion of the court was delivered by

Nioholls, C. J. On the rehearing by Breaux, J.

Statement op the Case.

Nioholls, O. J.

This action was brought by F. W. Young, Maurice Generelly and Lueien J. Doize, declaring themselves the liquidating commissioners 'of the plaintiff, a corporation of the State of Louisiana, in liquidation.

They averred that on December 31st, the defendant, then a director of the plaintiff company, subscribed to five hundred shares of the capital stock of said corporation, at ten dollars per share; that said subscription had not been paid, notwithstanding amicable demand;…