Spence v. Shapard
Supreme Court of Alabama
Appeal from the Chancery Court of Lee. Heard before the Hon. N. S. GRAHAM. Bill was filed by Samuel Spence, appellant, against appellees, to recover of appellees, as stockholders, an amount claimed to be due appellant by “ The Alabama and Georgia Contracting Company,” a corporation which became a body corporate as alleged “under section 1755 of the Eevised Code, and the acts of the legislature amendatory thereof,” for the purpose of carrying on, as such corporation, the…
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Appeal from the Chancery Court of Lee. Heard before the Hon. N. S. GRAHAM. Bill was filed by Samuel Spence, appellant, against appellees, to recover of appellees, as stockholders, an amount claimed to be due appellant by “ The Alabama and Georgia Contracting Company,” a corporation which became a body corporate as alleged “under section 1755 of the Eevised Code, and the acts of the legislature amendatory thereof,” for the purpose of carrying on, as such corporation, the business of constructing railroads in the States of Georgia and Alabama. Said bill avers “that on or about the first day of…
1Opinion of the CourtStone, J.
Under a New York statute, “relative to corporations for manufacturing purposes,” passed March 22, 1811, the following provision is found: “ That for all debts that shall be due and owing by the company at the time of its dissolution, the persons then composing such company shall be individually responsible to the extent of their respective shares of stock in the said company, and no further.” See 2 [Revised Statutes, edition of 1859, 654, § 7. Under this statute many rulings were had in the several courts of New York, and the following, among other principles, were laid down, and have ever…
2Cases cited11 opinions
- Garrison v. . HoweNew York Court of Appeals · 1858
- Slee v. BloomNew York Supreme Court · 1822
- Briggs v. PennimanCourt for the Trial of Impeachments and Correction of Errors · 1826
- Bullard v. BellU.S. Circuit Court for the District of New Hampshire · 1817
- Matthews v. AlbertCourt of Appeals of Maryland · 1866
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3Cited by6 opinions
- McDonnell v. Alabama Gold Life InsuranceSupreme Court of Alabama · 1888
- Dickinson v. TraphaganSupreme Court of Alabama · 1906
- Hundley v. HewittSupreme Court of Alabama · 1916
- Jones v. JarmanSupreme Court of Arkansas · 1879
- Drennen v. JenkinsSupreme Court of Alabama · 1913
1 more not listed; retrieve them via the Exa API.