Cole v. Butler
Supreme Judicial Court of Maine
The parties submit this case to the court upon the following statement of facts: The Georges Canal Company was duly incorporated in 1846, and is still existing as a corporation under the laws of this state, and its stockholders subject to the liabilities of chap. 76, R. S. The defendant owns two shares of stock in said corporation, of fifty dollars each, and has owned the same ever since its organization, which was in 1846. The plaintiff was a creditor of the corporation,…
Read the full summary
The parties submit this case to the court upon the following statement of facts: The Georges Canal Company was duly incorporated in 1846, and is still existing as a corporation under the laws of this state, and its stockholders subject to the liabilities of chap. 76, R. S. The defendant owns two shares of stock in said corporation, of fifty dollars each, and has owned the same ever since its organization, which was in 1846. The plaintiff was a creditor of the corporation, and brought his action against the same, and recovered his judgment for the sum of $150, and execution duly issued…
1Opinion of the CourtMay, J.
The liability of the defendant in this action under the provisions of the R. S. of 1841, chap. 76, sects. 18, 19, 20, in force when the suit was brought, is conceded by the learned counsel in defence, unless the facts hereinafter stated, upon which he relies, shall lead to a different conclusion. The facts’ relied on, it is contended, furnish two distinct and sufficient grounds of defence. We will look at them and their legal effect, not in the order in which they have been presented in the argument, but as they occurred in point of time.
It is said then, in the first place, that there was no…
2Cases cited2 opinions
- Commonwealth v. ChurchillMassachusetts Supreme Judicial Court · 1809
- Beadleston v. SpragueNew York Supreme Court · 1810
3Cited by9 opinions
- Cushing v. CummingsSupreme Court of Oklahoma · 1919
- Munger v. JacobsonIllinois Supreme Court · 1881
- State Savings Ass'n v. KelloggSupreme Court of Missouri · 1876
- M. D. Wells & Co. v. RobbSupreme Court of Kansas · 1890
- Noonan v. MontgomeryArizona Supreme Court · 1922
4 more not listed; retrieve them via the Exa API.