Ball v. Anderson

Citations

• 196 Pa. 86
• 46 A. 366
• 1900 Pa. LEXIS 476

Syllabus

<p>Gorpomto’cms — Foreign corporations — Liability of stockholder.</p> <p>The obligation of a stockholder of a foreign corporation is to be measured as to its extent and character by the law of the state under whose laws the corporation was organized.</p> <p>■Where the court of last resort of a state under whose laws a foreign corporation was organized, has construed a statute so as to uphold the right of a creditor of the corporation to proceed directly against a stockholder, the courts of this state are bound to follow the decision, although in a previous cale between other parties they decided the contrary; and this is the case although the legislature of the foreign state, in the meantime, but after the right of the plaintiff had accrued, had changed the law so as to take from the creditor his direct remedy against the stockholder.</p> <p>Corporations — Liability of stockholders — Set-off.</p> <p>In a suit by a creditor of a Kansas corporation against a stockholder under the Kansas statute* the stockholder may set off the indebtedness of the corporation to him, and he may also show that the plaintiff had alreadyproceeded against other stockholders in Kansas whereby he may have collected part or all of his claim.</p>