Bartlett v. Stephens
Supreme Court of Minnesota
Two actions by tbe receiver, of the Herbert Pearce Company, insolvent, to recover from defendant Bentley an assessment of $30,000 and from defendant Stephens an assessment of $11,000 upon capital stock of the insolvent company held by them respectively. The cases were tried before Fish, X, whoy directed verdicts for the respective amounts demanded. From an order denying their motion for a new trial, defendants appealed.
1Opinion of the CourtHallam, J.
The Herbert Pearce Company is a mercantile corporation of this state. On January 6, 1915, it was adjudicated a bankrupt. It owed in the neighborhood of $100,000. On August 18, 1915, plaintiff was appointed receiver of the corporation and commenced proceedings to enforce the liability of stockholders. An assessment equal to the par value of the stock was made. Defendants Bentley and Stephens each appeared on the books of the corporation as stockholders. Each in fact purchased stock of the corporation in March, 1914. Separate actions were brought against them to recover the amount of their…
2Cases cited8 opinions
- Scott v. DeweeseSupreme Court of the United States · 1901
- Hospes v. Northwestern Manuf'g & Car Co.Supreme Court of Minnesota · 1892
- Harper v. CarrollSupreme Court of Minnesota · 1896
- Olson v. State BankSupreme Court of Minnesota · 1897
- Dunn v. State BankSupreme Court of Minnesota · 1894
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3Cited by23 opinions
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