Hill v. Pioneer Lumber Co.
Supreme Court of North Carolina
Civil action to annul and set aside a judgment confessed by the Pioneer Lumber Company iu favor of a director, heard on complaint and answer, and without a jury, before Brown, J., at January Term, 1893, of Wayne Superior Court.
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Civil action to annul and set aside a judgment confessed by the Pioneer Lumber Company iu favor of a director, heard on complaint and answer, and without a jury, before Brown, J., at January Term, 1893, of Wayne Superior Court. It was admitted in the pleadings that at the time of the confession of judgment in favor of G. A. Griswold against Pioneer Lumber Comp'an3r, the defendant corporation was insolvent; that said Griswold and one Hall were the only stockholders and constituted the Board of Directors; that the said Hall was President and the said Griswold, Secretary and Treasurer of said…
1Opinion of the Court
MaoRae, J.:
This case is presented to us as upon a demurrer, all the facts alleged in the complaint being admitted in the answer, and the conclusion of law contended for by the *175plaintiff being denied, thus raising the issue of law, whether the facts stated in the complaint constitute a cause of action.
It is admitted in the pleadings that at the time of the confession of judgment in favor of G. A. Griswold against the Pioneer Lumber Company, the defendant corporation was insolvent; that said Griswold and one Hall were the only stockholders and constituted the board of directors; -that said Hall…
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