Reid v. DeJarnette
Supreme Court of Georgia
Complaint. Before Judge Lewis. Putnam superior court. September 20, 1904. The Putnam County Banking Company became financially embarrassed in the latter part of the year 1903, and, at the instance of one of its creditors, a receiver was appointed to take charge of its affairs and collect all debts due to it, as well as to institute legal proceedings against its stockholders, to enforce, for the benefit of its creditors, the statutory Lability imposed by the charter of the…
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Complaint. Before Judge Lewis. Putnam superior court. September 20, 1904. The Putnam County Banking Company became financially embarrassed in the latter part of the year 1903, and, at the instance of one of its creditors, a receiver was appointed to take charge of its affairs and collect all debts due to it, as well as to institute legal proceedings against its stockholders, to enforce, for the benefit of its creditors, the statutory Lability imposed by the charter of the company upon subscribers to its capital stock. ’ In March of the following year, the receiver, A. S. Reid, brought an…
1Opinion of the CourtEvans, J.
(After stating the facts.) The Putnam County Banking Company was organized under a special act of incorporation, approved December 24, 1888. Acts of 1888, p. 89. It provided that “ each stockholder in said corporation shall be individually liable for the debts of the corporation to the amount of his or her unpaid subscription to the capital stock of the corporation, and for an additional amount equal to his subscription.” The question presented for determination is: Was it the purpose ■of the General Assembly to impose this individual liability upon •each and every person who might become a…
2Cases cited7 opinions
- Thornton v. LaneSupreme Court of Georgia · 1852
- Neal v. MoultrieSupreme Court of Georgia · 1852
- Lane v. MorrisSupreme Court of Georgia · 1850
- Lane v. MorrisSupreme Court of Georgia · 1851
- Robinson v. LaneSupreme Court of Georgia · 1856
2 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Wheatley v. GloverSupreme Court of Georgia · 1906
- Lamar v. TaylorSupreme Court of Georgia · 1914
- Bennett v. Wilkes CountySupreme Court of Georgia · 1927
- Crawford v. SwicordSupreme Court of Georgia · 1918
- Latimer v. BennettSupreme Court of Georgia · 1929
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