George Irish Paper Corp. v. White

This action is brought by a judgment creditor of the Dilley & Wall Company, Limited, a domestic corporation, in behalf of itself and others similarly situated, to enforce the personal liability of stockholders of said company to the amount of a portion of the sum unpaid upon stock held by them; the action is authorized by section 56 of our Stock Corporation Law.

The defendant White signed the certificate of incorporation as a subscriber for sixty-three shares of its capital stock of the par value of $100 each, and paid thereon $500; he was named as a director of the corporation and never…