Chandler v. Peketz

The plaintiff in error, Chandler, as receiver of Diamond Motor Parts Company, an insolvent Minnesota corporation, sued in the district court of Denver to recover from the defendant in error, Peketz — as in Chandler v. Manifold, 92 Colo. 579, 22 P. (2d) 870, the same receiver had similarly sued to recover from one Manifold — an assessment alleged to be due by reason of being a stockholder in that company. The Constitution of Minnesota, article 10, section 3, provides that, “Each stockholder in any corporation, excepting those organized for the purpose of carrying on any kind of manufacturing…