Morrison v. Blue Star Navigation Co.

Citations

• 26 Wash. 541
• 67 P. 244
• 1901 Wash. LEXIS 684

Syllabus

<p>CREDITOR’S BILL-PARTIES.</p> <p>A creditor’s bill is not demurrable because brought by one creditor in Ms own behalf alone, although it mentions other creditors and contains no invitation to them to join.</p> <p>CORPORATIONS-CONVERSION OF ASSETS BY OFFICERS-PERSONAL LIABILITY TO CREDITORS.</p> <p>The general officers of a corporation who direct its business cannot use the corporate name and property for their individual enterprises, and avoid answering personally to the creditors of the corporation, or others who are injured by their misfeasance.</p> <p>SAME-ACTION FOR CONVERSION-PARTIES DEFENDANT.</p> <p>In an action for fraudulent conversion against the president and general manager of a corporation, the failure to join as a party defendant another who was alleged to have engaged in the misappropriation of the funds and to have received a proportion thereof, is not ground for demurrer, since recovery may he had against one or all of the wrongdoers.</p>