Van Etten v. Eaton
Michigan Supreme Court
Error to Bay Circuit. Eaton, the plaintiff below, recovered a judgment against the Chicago and Milwaukee Salt Company, a corporation organized under the laws of Michigan ( Gomp. Laws, Chap. 68), on which execution was issued and returned unsatisfied.
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Error to Bay Circuit. Eaton, the plaintiff below, recovered a judgment against the Chicago and Milwaukee Salt Company, a corporation organized under the laws of Michigan ( Gomp. Laws, Chap. 68), on which execution was issued and returned unsatisfied. He then brought this action against Yan Etten, the defendant below, alleging that Yan Etten was, and ever had been since its organization, a director of the corporation; that the directors of the said corporation had intentionally neglected to make the reports required by sections five and nineteen of the act, under which the corporation was…
1Opinion of the Court
Graves J.
Eaton brought assumpsit against Van Etten to recover a demand against a manufacturing corporation organized under the act of February 5, 1853, and of which Van Etten was a stockholder and director. The action was supposed to be authorized by that portion of section 23 of the act, which provides that if the directors of any such company shall intentionally neglect or refuse to comply with the provisions, and to perform the duties required of them by sections three, five, eighteen and nineteen of the act, they shall be jointly and severally liable in an action founded on such statute…
2Cited by10 opinions
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- Nichols v. FoxSouth Dakota Supreme Court · 1916
- Dewey v. Central Car & Manufacturing Co.Michigan Supreme Court · 1880
- M. I. Wilcox Cordage & Supply Co. v. MosherMichigan Supreme Court · 1897
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