A. Leschen & Sons Rope Co. v. Allen

Citations

• 187 F. 977
• 110 C.C.A. 315
• 1911 U.S. App. LEXIS 4271

Syllabus

<p>Mines and Minerals (§ 104*) — Mining Corporations — Liability oj? Stockholders — Colorado Statutes.</p> <p>Under Mills’ Ann. St. Colo. §§ 581-583, mining corporations are authorized to issue and sell stock for less than its par value, and also to make it nonassessable, and a person dealing with such a corporation is chargeable with knowledge that the nominal value of its stock does not necessarily represent actual capital paid in, and cannot as a creditor hold stockholders individually liable as for unpaid subscriptions for the difference between the face value of their stock and the amount for which it was issued.</p> <p>[Ed. Note. — ifor other eases, see Mines and Minerals, Cent. Dig. § 228; Dee. Dig. § 104.*]</p>