Universal Fire Ins. v. Tabor

This cause was tried to the court below on an agreed statement of facts. Plaintiff in error obtained judgment by default for $500 and interest against the Tabor Fire Insurance Company, a corporation existing under the laws of Colorado. ■ The execution issued was returned “ no property found,” and the corporation having ceased to do business, the debt remains unsatisfied.

Defendants in error were subscribers to the capital stock of the Tabor Fire Insurance Company, having, however, paid but about twenty-five per cent, of the par value of the stock taken by them. The present proceeding is under…