Jagode v. Smalley

Citations

• 10 Pa. Super. 320
• 1899 Pa. Super. LEXIS 281

Syllabus

<p>Foreign attachment — Stock subscriptions payable under conditions of insolvency.</p> <p>Stock assessments assessable only in event of the insolvency of the company are not such debts, due by the stockholders to the company prior to a decree of insolvency and appointment of a receiver and assessment by him, as are liable to attachment by creditors of the company under proceedings in foreign attachment. The act of the garnishee in voluntarily paying the money into court does not change the status of the obligation. Neither does the fact that the company is a foreign corporation and that the receiver has been appointed by a court of another state affect the question.</p>