Mutual Trust Life Insurance v. Alamoe Realty Co.

Holt, Justice.

Appeal by a stockholder from an order assessing the shares of stock held in an insolvent domestic corporation and directing the receiver thereof to collect the same.

The petition of the receiver for an order of assessment is attacked as insufficient. The proceeding is under 2 Mason Minn. St. 1927, §§ 8025, 8026, and 8027. Section 8025 merely provides that whenever it shall be made to appear by the petition of a receiver that any constitutional, statutory, or other liability of stockholders exists, and that it is necessary to resort to the same, the court shall appoint a time for…