First National Bank v. Price

This suit was instituted by the appellant against the appellees, as officers and directors of “ The Consumers’ Union Coal Company,” a corporation created under the laws of the State of Pennsylvania.

The case comes before us upon general demurrer to the declaration, and the only question to be decided is whether the liability for the debts of the corporation imposed upon the officers and directors by the law of Pennsylvania, of March 30th, 1860, can be enforced by an action of debt in this State?

*492The provisions of the statute, which are substantially set out in the declaration, are as follows:

“In…