O'Donnell Shoe Co. v. Benson Co-Operative Mercantile Co.

Olsen, C.

Plaintiff, on behalf of itself and all other creditors of the Benson Co-operative Mercantile Company, a Minnesota corporation, hereinafter referred to as the Benson company, brought suit against that corporation and all of its stockholders to have the corporation declared insolvent and its stock,- property and assets sequestered for the payment of its debts, and particularly to have the court levy an assessment on all the outstanding stock of the corporation; to have a receiver appointed to wind up its affairs and obtain judgment against the stockholders for their constitutional…