Lowry v. . Inman
New York Court of Appeals
Appeal from judgment of the General Term of the Superior Court of the city of Hew York, affirming order and judgment of the spring term, sustaining defendant’s demurrer to plaintiff’s complaint.
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Appeal from judgment of the General Term of the Superior Court of the city of Hew York, affirming order and judgment of the spring term, sustaining defendant’s demurrer to plaintiff’s complaint. The complaint alleges, that the defendant was a citizen of Georgia, and a stockholder of the Horth-western Bank of Georgia, owning at the time of the issuing of the bills sued on, and at the present time, $25,000 of the stock, par value, being one-eighth part of the stock of the hank. The complaint further alleges, the issuing of divers bills or notes by said bank; the ownership thereof by the…
1Opinion of the CourtAllen, J.
Mo personal liability attaches to the defendant, by reason of the words, “ individual property of stockholders liable,” appearing upon the face of the bills issued by the bank, and signed by the defendant, as one of its officers. It was but the literal statement of a fact, as it existed.
The extent of such liability, the qualification attached to it, and the manner of its enforcement, are not stated. The liability exists under, and is modified and limited by, the statute creating the corporation; and the indorsement, made to give credit and currency to the bills, had respect to the provisions…
2Cases cited3 opinions
- Hawthorne v. CalefSupreme Court of the United States · 1865
- Hardmann v. . BowenNew York Court of Appeals · 1868
- Pickering v. FiskSupreme Court of Vermont · 1834
3Cited by48 opinions
- Dennick v. Railroad Co.Supreme Court of the United States · 1881
- Marshall v. . ShermanNew York Court of Appeals · 1895
- Howarth v. . AngleNew York Court of Appeals · 1900
- Christensen v. . EnoNew York Court of Appeals · 1887
- McDonnell v. Alabama Gold Life InsuranceSupreme Court of Alabama · 1888
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