Bausman v. Denny

HANFORD, District Judge.

This is a suit in equity by the receiver of a.n insolvent corporation, against its stockholders, to collect from them the unpaid portions of their subscriptions to its capital stock.

As to the defendant Louisa Denny, the bill must be dismissed for failure of proof. The stock standing in her name upon the books of the company at the time of the appointment of 1 he receiver appears to have been transferred without her knowledge or consent, and, when informed of the transaction, she refused to receive the stock. Having never subscribed for stock, nor become; a holder of…