Lang v. Osborn Bank

Citations

• 100 Ohio St. (N.S.) 51

Syllabus

<p>Corporations — Double liability of stockholders — Section 3, Article XIII, Constitution — Amendment of 1912 self-executing — Double liability applies to what debts — Superintendent of banks to maintain suit.</p> <p>1. The provision of Section 3, Article XlII of the Constitution , as amended September 3, 1912, and in force January 1, 1913, pertaining to “corporations authorized to receive money' on deposit” is self-executing.</p> <p>2. The liability of such stockholders applies to all indebtedness of their several corporations incurred while such amendment is in effect.</p> <p>3. The superintend.ent of banks is by statute made a proper party to bring such action.</p>