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" The individual liability of stockholders in a corporation for the payment of its debts is always a creature of statute. At common law it does not exist. The statute which creates it may also declare the purposes of its creation, and provide for the manner... "
Reports of the Decisions of the Appellate Courts of the State of Illinois - Page 623
by Illinois. Appellate Court, James Bolesworth Bradwell - 1879
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Albany Law Journal, Volume 11

1875 - 438 pages
...provided, generally, that all stockholders should be individually liable for the payment of the debts. " The individual liability of stockholders in a corporation...creation, and provide for the manner of its enforcement. " After an examination of the several sections of this charter, it cannot for a moment be doubted that...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 20

United States. Supreme Court - 1875 - 750 pages
...or proportion of his shares. This apportioned call the receiver was required to collect and apply. The individual liability of stockholders in a corporation...At common law it does not exist. The statute which ereOpinion of the court. at es it may also declare the purposes of its creation, aud provide for the...
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The Central Law Journal, Volume 2

1875 - 722 pages
...when assignments and transfers were made. Chief Justice Waite in Pollard v. Baily [ante, p. 3], says that "the individual liability of stockholders in...for the payment of its debts is always a creature of the statute. At common law it does not exist". We must then look to the statutes of Missouri to determine...
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The National Bankruptcy Register Reports: Containing All the ..., Volume 12

William A. Shinn - 1875 - 624 pages
...when assignments and transfers were made. Chief Justice Waite in Pollard v. Baih/, 11 NBR, 276, says that " the individual liability of stockholders in...the payment of its debts, is always a creature of the statute. At common law it does not exist." We must then look to the statutes of Missouri to determine...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 57-58

1894 - 2096 pages
...instrument of writing executed out of the state. Code Civil Proc. Cal. §§ 338, 339. It is well settled that the individual liability of stockholders in a...payment of its debts is always a creature of statute, and must be measured by the statute of the state which creates the corporation and imposes the liability;...
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The Supreme Court Reporter, Volume 18

1899 - 986 pages
...maintain such action, this court observed (page 52G): "The Individual liability of stockholders In » corporation for the payment of its debts Is always...common law It does not exist. The statute which creates Jt may also declare the purposes of Its creation, and provide for the manner of Its enforcement. •...
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Federal Decisions: Cases Argued and Determined in the Supreme ..., Volume 10

1884 - 1062 pages
...enforced. Sumner v. Murcy,* 3 Woodb. & M., 105. § 401. The individual liability of the stockholders of a corporation for the payment of its debts is always a creature of the statute. It does not exist at common law. The statute which creates it may also declare the purposes...
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Reports of Cases Argued and Decided in the Supreme Court of the ..., Book 22

United States. Supreme Court - 1885 - 914 pages
...or proportion of his shares. This apportioned call the receiver was required to collect and apply. The individual liability of stockholders in a corporation...creation and provide for the manner of its enforcement. After an examination of the several sections of this charter it cannot for a moment be doubled that...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 120

United States. Supreme Court - 1887 - 888 pages
...judgment, affirmed the following principles, which have been constantly adhered to in subsequent cases: "The individual liability of stockholders in a corporation...statute. This being so, the remedy provided Is exclusive of all others. A general liability created by statute, without a remedy, may be enforced by an appropriate...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - 1887 - 888 pages
...judgment, affirmed the following principles, which have been constantly adhered to in subsequent cases: "The individual liability of stockholders in a corporation...statute. This being so, the remedy provided is exclusive of all others. A general liability created by statute, without a remedy, may be enforced by an appropriate...
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