Tierney v. Butler

The Ryan Implement & Hardware Company, a corporation engaged in business at Et. Dodge, Iowa, was adjudged a bankrupt, and the plaintiff herein is the trustee appointed in such proceedings. This action is brought in equity by said trustee for relief against the defendant, who formerly held certain shares of stock in said corporation. As grounds for such relief it is alleged that defendant became a subscriber for twenty-two and one-half shares of said stock of the par value of $100-per share, or an aggregate of $2,250, upon which subscription he paid but $1,000; the balance of $1,500 being due…