Handley v. Stutz

Citations

• 137 U.S. 366
• 11 S. Ct. 117
• 34 L. Ed. 706
• 1890 U.S. LEXIS 2095

Syllabus

<p>Upon a bill in equity by creditors of an insolvent corporation, whose claims amounted to more than $2000, against the corporation and stockholders therein, to compel'sums, due from them to the corporation for unpaid subscriptions to stock, to be paid in, and administered as a trust fund and distributed among all creditors of the corporation who should come, in and contribute to the expense of the suit, the Circuit Court referred the case to a master to receive proofs of claims, and, upon the return of his report, adjudged that claims severally less than $5000, but together exceeding that sum, were just debts of the corporation, and that, 'in order to pay them, the stockholders should pay the amount of their subscriptions to a receiver. Stockholders so charged with more than $5000 each appealed to this court. Held, that the sums in dispute were sufficient to give the Circuit Court jurisdiction of the case, and this court jurisdiction of .the appeal.</p>