Lowry v. Parsons

McCay, Judge.

By the plain, positive terms of the charter of this bank, it was not only slipulated that the stockholders should be liable for the debts and liabilities of the bank, but it was contracted for, in terms, that a judgment against the bank should be capable of being enforced by a levy on the property of the stockholders. It seems to us unquestionable that - the necessary legal effect of this language is, as to these stockholders and the creditors, at least, to make the judgment against the bank a judgment also against the stockholders. A judgment is the conclusion or declaration of…