First National Bank v. Darlington

Citations

• 30 Pa. Super. 302
• 1906 Pa. Super. LEXIS 64

Syllabus

<p>Corporations — Foreign corporations — Liability of stockholders.</p> <p>In an action by a judgment creditor of a Kansas mortgage, loan and trust company against a Pennsylvania stockholder of the company to enforce the additional liability provided by the constitution of Kansas, where it appears that the judgment of the plaintiff was based upon an accommodation indorsement by the corporation, the defendant cannot relieve himself from liability, unless he can show by the charter of the corporation that the debt was not “essential to the transaction of its ordinary affairs,” and within “the legitimate objects of its creation.”</p>