Wyle v. Gould

Cross motions are made, one by plaintiffs, to strike out affirmative defenses in an answer; the other, by defendants, to examine’ plaintiffs before trial.

Plaintiffs, as creditors of certain .corporations, have brought an action against these defendants individually as officers, directors and stockholders of such corporations, under section 59 of the Stock Corporation Law of the State of New York. Section 59 forbids corporate loans to stockholders and provides that, “In case of the violation of any provision of this section, the officers or directors making such loan, or assenting thereto * *…