Gager v. Paul
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Rock county: R. G. Siebeoeee, Judge. This action was originally commenced October 19,-1897, by one JVlarsden, simply as a stockholder of the Bank of Edgerton, a banking corporation, alleging insolvency and praying the appointment of a receiver.
Read the full summary
Appeal from a judgment of the circuit court for Rock county: R. G. Siebeoeee, Judge. This action was originally commenced October 19,-1897, by one JVlarsden, simply as a stockholder of the Bank of Edgerton, a banking corporation, alleging insolvency and praying the appointment of a receiver. On the 8th of November following the complaint was amended by alleging that Marsden was a creditor to a small amount, so as to pray that the creditors be required to present their claims and become parties to the action Thereafter the present plaintiffs, Gager and about twenty others, claiming to be…
1Opinion of the Court
Dod&e, J.
This appeal presents a few of the very numerous questions that are liable to arise for solution by the courts in working out the policy of the general closing-up action upon insolvency of corporations, especially of banking corporations whose stockholders are chargeable with the so-called additional statutory liability for the par value of their stock. The recoveries here sought are of three classes: (1) The statutory liability above mentioned; (2) the liability of a stockholder for the amount of his stock subscription where, by reason of contract with the corporation, it has not…
2Cases cited19 opinions
- Killen v. BarnesWisconsin Supreme Court · 1900
- Eau Claire National Bank v. BensonWisconsin Supreme Court · 1900
- Gager v. MarsdenWisconsin Supreme Court · 1899
- Coleman v. WhiteWisconsin Supreme Court · 1862
- Gianella v. BigelowWisconsin Supreme Court · 1897
14 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Boyd v. Mutual Fire Ass'nWisconsin Supreme Court · 1903
- Lindemann v. RuskWisconsin Supreme Court · 1905
- Rowell v. RowellWisconsin Supreme Court · 1904
- Williams v. BrewsterWisconsin Supreme Court · 1903
- Garetson Lumber Co. v. HinsonOregon Supreme Court · 1914
10 more not listed; retrieve them via the Exa API.