Goddard v. Jost
Supreme Court of Minnesota
Action in the district court for Meeker county by the receiver of the Ardmore Electric Company to recover $100 in payment of an assessment upon the capital stock of the insolvent company held by defendant. From an order, Daly, J., sustaining plaintiff’s demurrer to the answer, defendant appealed.
1Opinion of the Court
Dibell, C.
This action was brought to recover upon the liability of the defendant as a stockholder in the Ardmore Electric Company.
The complaint alleged facts sufficient to give a right of recovery. The answer admitted the essential facts, except the character of the corporation, and in that behalf alleged that the corporation was a manufacturing corporation within the meaning of the Constitution, and that therefore there was no liability of its stockholders for corporate debts. The plaintiff demurred to the answer. The demurrer was sustained. This appeal is from the order sustaining it.
The…
2Cases cited7 opinions
- First National Bank v. Winona Plow Co.Supreme Court of Minnesota · 1894
- Gould v. FullerSupreme Court of Minnesota · 1900
- Cuyler v. City Power Co.Supreme Court of Minnesota · 1898
- Meen v. Pioneer Pasteurizing Co.Supreme Court of Minnesota · 1903
- Vencedor Investment Co. v. Highland Canal & Power Co.Supreme Court of Minnesota · 1914
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