Tyler v. Receivers of the Cambridge Furniture Co.

Adkins, J.,

delivered the opinion of the Court..

The "Cambridge Furniture Company sued appellant for unpaid subscription by appellant to ten shares of the company’s capital stock. After the suit was filed, the corporation was adjudged insolvent, and on proper suggestion to the court the appellees were substituted as plaintiffs.

The only questions raised by this appeal' are: 1. Under the provisions of the charter of the plaintiff corporation, can the defendant be made to pay for ten shares of the stock of the corporation for which he subscribed, before all the stock authorized by the charter has…