Lamar Insurance v. Gulick

Citations

• 102 Ill. 41
• 1882 Ill. LEXIS 4

Syllabus

<p>Decebe—-parties—person not concluded when not a party. A stockholder in an insolvent insurance company is not liable to an action on an assessment made on his stock notes by the court in a proceeding by the creditors against the company in which a receiver is appointed, on the petition of the receiver and creditors, where he is not made a party to either proceeding. Such an assessment is not binding on him.</p>