Towle v. Beistle

— This suit was instituted in the St. Joseph Superior Court to recover from the common stockholders of Acme Manufacturing Company the amounts yet due on three trade acceptances, primarily the obligations of the company, an Indiana corporation, which, at the time they were incurred was doing business in the state of Tennessee without having domesticated under the laws of that state.

The appellant’s amended complaint alleges: That the appellee stockholders, who were such when the obligations were incurred by the company resided in Indiana, the state of incorporation, where this action was…