Barth v. Roberts

BRYAN, Circuit Judge.

This appeal presents the question whether the claims of creditors of an insolvent corporation are barred by statute from being enforced against .the estate of a deceased stockholder, who had.not paid his subscription for capital stock which he held in such corporation. In 1915 the Demonstration Plantation Company was incorporated under the laws of Alabama. William A Roberts was one of the original subscribers to the capital stock of this corporation, and a certificate for 495 shares, fully paid, at a par value of $100 per 'share, was issued to him February 4, 1920,…