Calef v. Wyandotte Realty Co.

Citations

• 70 Kan. 318
• 78 P. 816
• 1904 Kan. LEXIS 44

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Corporations —Liability of Stockholders for Unpaid Subscriptions —Method of Enforcement. In an action by the stockholders against an insolvent corporation and its creditors to have-a receiver appointed, the assets marshaled, its liabilities determined, the assets applied to the payment of such liabilities, and the corporation dissolved, where unsatisfied judgments still remain after all its tangible property has been applied to the satisfaction of its debts, it is held, that it is not error for the court, in the same action, to order the receiver to take such steps as may be necessary to determine the amount due from the plaintiffs, as stockholders, for unpaid subscriptions to the capital stock; and it is further- held, that upon application the court may render judgment in favor' of the receiver against the several plaintiffs, as stockholders, for such sums as it may find due the corporation.</p>