Zander v. Peterson

Appeal from a judgment rendered against defendant in an action by the receiver of a domestic co-operative corporation to enforce the stockholders’ so-called double liability.

The one defense, that defendant never was a stockholder in the corporation, is based upon the same facts and circumstances which in Zander v. Schuneman, 170 Minn. 353, 212 N. W. 587, failed. Here, as there, the defendant executed the articles of incorporation wherein he was designated a director. Defendant testified that he signed the articles upon the same misrepresentations made by the president of the corporation to…