Legal Opinion
Hart-Parr Co. v. Pratt
Court of Appeals for the Seventh Circuit
Decided January 11, 1921No. 2835PublishedCited by 1 opinion
Appeal from the District Court of the United States for the Eastern Division of the Northern District of Illinois. Suit by the Hart-Parr Company against Edward G. Pratt and others. Prom a decree for defendants, plaintiff appeals.
1Opinion of the Court
PAGE, Circuit Judge.
This is a suit brought in the District Court on the equity side by appellant to hold appellees under section 16, chapter 32, Revised Statutes of Illinois, which is as follows:
“If the indebtedness of any stock corporation shall exceed the amount of its capital stock, the directors and officers of such corporation, assenting thereto, shall be personally and individually liable for such excess, to the creditors of such corporation.”
*472In 1917, while appellees were its officers and directors, the Gas Oil Company made default in deliveries of oil theretofore sold to appellant. In…
2Cases cited10 opinions
- Woolverton v. TaylorIllinois Supreme Court · 1890
- Capes v. BurgessIllinois Supreme Court · 1890
- Wilde v. MahaneyMassachusetts Supreme Judicial Court · 1903
- M. H. Vestal Co. v. RobertsonIllinois Supreme Court · 1917
- Little v. DyerIllinois Supreme Court · 1891
5 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Sears v. WeissmanAppellate Court of Illinois · 1972