Carolina Palisades, Inc. v. Manly

—This was an action by appellant against appellee to recover upon a stock subscription in a corporation to be organized under the laws of the State of North Carolina, wherein it is alleged that appellee was one of the organizers-of the corporation, and subscribed and agreed to take and pay for 100 shares of the stock at the par value of $10 each; that he wholly failed and refused to pay for said stock. There was a demand for judgment in the sum of $1,000.

The appellee filed an affirmative answer in which he alleged that one Dye of Noblesville, Indiana, “and parties other than this defendant…