Hamilton v. Loeb

Citations

• 179 F. 728
• 1910 U.S. App. LEXIS 5430

Syllabus

<p>1. Courts (§ 371*) — Federal Courts — Procedure.</p> <p>A federal court must decide a point for itself, when it has not been passed on by the courts of the state under which- it arises.</p> <p>[Ed. Note. — For other cases, see Courts, Cent. Big. § 972; Dec. Dig. § 371.*]</p> <p>2. Corporations (§ 244*) — Stockholder’s Double Liability.</p> <p>Under Const. Minn. Art. 10, § 3, making stockholders in certain corporations liable to the amount of their stock, and under Rev. Laws Minn. 1905, §§ 2863, 2864, regulating transfers of stock, a transferee, who has never been a stockholder on the corporate books, nor enjoyed a stockholder’s privilege, nor held himself out as a stockholder, and has not destroyed the registered owner’s primary liability, cannot be charged with double liability, regardless of his liability to the registered owner.</p> <p>[Ed. Note. — For other cases, see Corporations, Dec. Dig. § 244.*]</p>