Arnold Monophase Electric Co. v. Chew

Citations

• 21 Pa. Super. 407
• 1902 Pa. Super. LEXIS 372

Syllabus

<p>Corporations — Stock subscription — Affidavit of defense.</p> <p>An action by a corporation to recover an alleged stock subscription cannot result in a judgment for want of a sufficient affidavit of defense, where it appeavs from the statement of claim and the affidavit of defense that the defendant with others subscribed to certain preliminary expenses (prior to the incorporation of the plaintiff company), in the taking out of patents, but there is nothing to show that the corporation had acquired the right to the unpaid subscription to the original fund, by assignment, succession or otherwise.</p>