Bristol Iron & Steel Co. v. Selliez

Citations

• 175 Pa. 18
• 34 A. 309
• 1896 Pa. LEXIS 1199

Syllabus

<p>Corporation — Stock subscription — Affidavit of defense — Misconduct of directors.</p> <p>In an action to recover the subscription to the stock of a corporation, an affidavit of defense is insufficient to prevent judgment, which avers that the directors of the corporation released certain other subscribers to the stock specifically named, and that the directors had fraudulently and wastefully managed the corporate affairs.</p>