Johnson v. Burmeister

Stóne, J.

In this action for the amount of an assessment against defendant on his constitutional liability as a stockholder in a Minnesota corporation, plaintiff had a directed verdict. Defendant appeals from the order denying his motion for new trial.

Defendant is sued as a stockholder in U. S. I. Realty Company. It was the second of two corporations organized by the same promoters, the first being styled the United States Installment Realty Company, which had become known, when the second company was launched, under the abbreviated name of “U. S. I. Realty Company.” The story of how, for…