Shamburg v. Abbott
Supreme Court of Pennsylvania
Error, to the Court of Common Pleas of Crawford county: Of January Term, 1886, No. 227. Assumpsit by Garson Shamburg against W. H. Abbott, George Moody, W. W. Thompson et ah, late partners doing business under the firm name of the Citizens Bank, to recover the sum of 114,250.82, which he paid to the creditors of said firm on account of debts of said firm contracted after his withdrawal from said firm, and for which he had become liable to said creditors by reason of his…
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Error, to the Court of Common Pleas of Crawford county: Of January Term, 1886, No. 227. Assumpsit by Garson Shamburg against W. H. Abbott, George Moody, W. W. Thompson et ah, late partners doing business under the firm name of the Citizens Bank, to recover the sum of 114,250.82, which he paid to the creditors of said firm on account of debts of said firm contracted after his withdrawal from said firm, and for which he had become liable to said creditors by reason of his having been a partner and not having given notice of his withdrawal. The pleas were, wow assumpsit, non assumpsit infra sex…
1Opinion of the CourtJustice Stebbett
In June, 1871, plaintiff became a stockholder of “The Citizen’s Bank,” an unincorporated association or copartnership theretofore formed for the purpose of transacting a general banking business. The stockholders, in their legal relations to the public and to each other, were simply partners, the stock owned by each, respectively, representing his interest in the association. So long, therefore, as plaintiff continued to be a stockholder, his rights and liabilities were those of a general partner. In December, 1872, he sold and transferred his stock to one of his associates, and thenceforth…
2Cited by6 opinions
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- Murray v. HerrickSupreme Court of Pennsylvania · 1895
- Christy v. SillSupreme Court of Pennsylvania · 1890
- Werner v. CommonwealthSupreme Court of Pennsylvania · 1965
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