Iverson v. Bradrick

Citations

• 54 Wash. 633
• 104 P. 130
• 1909 Wash. LEXIS 1047

Syllabus

<p>Appeal — Parties—Service of Notice. Upon appeal by plaintiff from a judgment in favor of a garnishee, the defendant is not the “prevailing” party upon whom it is necessary to serve notice of the appeal.</p> <p>Corporations- — Stockholders—Liability — Subsequent Creditors —Transfer of Stock — Record — Evidence—Sufficiency. A stockholder in an insolvent corporation is not liable to a creditor for unpaid stock subscriptions, where it appears that he sold his shares while the corporation was a going concern and solvent, before the creditor acquired his claim, and that the stock books and the certificate stubs show the transfer according to the usual custom of the corporation, although it did not keep a stock ledger or strictly comply with Bal. Code, §§ 4261, 4269, concerning the record of transfers of stock; since subsequent creditors stand in the same situation as the corporation.</p>