Keystone Bridge Co. v. McCluney
Missouri Court of Appeals
Appeal from the St. Louis Circuit Court. The transferee of the shares of stock is not liable for unpaid subscriptions on the shares purchased by him, unless he has, agreed to pay them either expressly or by implication. —Webster v. Upton, 91 U. S. 65 ; Sanger v. Upton, 81 U. S. 56 ; Seymour v. Sturgis, 26 N.Y. 134; Williams’ ■ Case, L. R. 1 Ch. Div. 576 ; Shaclcel/ord’s Gase, L. R. 1 Ch. Div. 567 ; Mallorie’s Gase, L. R. 2 Ch. 181; Foremans. Bigelow, 7 Cent.
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Appeal from the St. Louis Circuit Court. The transferee of the shares of stock is not liable for unpaid subscriptions on the shares purchased by him, unless he has, agreed to pay them either expressly or by implication. —Webster v. Upton, 91 U. S. 65 ; Sanger v. Upton, 81 U. S. 56 ; Seymour v. Sturgis, 26 N.Y. 134; Williams’ ■ Case, L. R. 1 Ch. Div. 576 ; Shaclcel/ord’s Gase, L. R. 1 Ch. Div. 567 ; Mallorie’s Gase, L. R. 2 Ch. 181; Foremans. Bigelow, 7 Cent. L. J. 430; BurJcinshaw v. JVicholls, 3 H. L. Cas. 1004. The person appearing on the books of the corporation as the owner of stock is…
1Opinion of the CourtBakewell, J.
This is a proceeding, under the statute, by an execution creditor of the Illinois and St. Louis Bridge Company against McCluney as holder of one hundred and forty shares of stock of the Bridge Company on which fifty, per cent is not paid up. The judgment against the company is for $46,831, and was rendered in January, 1878. Notice of the application to the Circuit Court for execution against Mc-Cluney, on the ground that he was a stockholder on the return-day of the execution, was served in the following May. The facts under which the creditors of the company hold the stockholders liable are…
2Cases cited2 opinions
- Skrainka v. AllenMissouri Court of Appeals · 1879
- Fisher v. SeligmanMissouri Court of Appeals · 1879
3Cited by7 opinions
- Cockrill v. AbelesCourt of Appeals for the Eighth Circuit · 1898
- Feehan v. KendrickIdaho Supreme Court · 1918
- Skrainka v. AllenSupreme Court of Missouri · 1882
- Manhattan Brass Co. v. Webster Glass & Queensware Co.Missouri Court of Appeals · 1889
- Johnson v. LullmanMissouri Court of Appeals · 1884
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