Detroit Trust Co. v. Allinger

Plaintiff, receiver of Guaranty Trust Company of Detroit, filed its bill of complaint against appellants and others to enforce their statutory stockholders’ liability. Appellants Gauss answered, and appellant Ranney moved to dismiss the bill of complaint. By stipulation, if appellant Ranney’s motion to dismiss was overruled, it was to stand as his answer.

By the answers filed and the motion to dismiss, appellants urge: the Guaranty Trust Company of Detroit was organized under Act No. 108, Pub. Acts 1889, and by Act No. 67, Pub. Acts 1929 (3 Comp. Laws 1929, §§ 11997 et seq.), effective April…