Converse v. Paret

Citations

• 228 Pa. 156
• 77 A. 429
• 1910 Pa. LEXIS 446

Syllabus

<p>Corporations — Stockholders—Double liability.</p> <p>Under the laws of Minnesota which impose a liability upon stockholders of certain classes of corporations to creditors to an amount equal to the par value of their stock, the liability is fixed upon the persons whose names stand on the stock register of the company as the owners of the stock; and if an executor permits stock to be registered in his own name without indicating in any way on the register of the company that he holds the stock as executor, he will be liable individually for assessments levied by the receiver of the company when it becomes insolvent.</p>