Shreveport Nat. Bank v. Maples

Citations

• 119 La. 41
• 43 So. 905
• 1907 La. LEXIS 433

Syllabus

<p>1. Corporations — Contracts — Validity — Sale to Stockholder.</p> <p>An agreement between two or more promoters, stockholders, and officers of a lumber company, to the effect that one of them shall be supplied with lumber, for his personal use, at cost, is not binding on the other stockholders, the company, the liquidators of the company, or the receiver, and the latter, or his assigns, may recover the price of lumber so supplied at the market rate prevailing at the time.</p> <p>[Ed. Note. — Eor cases in point, see Cent. Dig. vol. 12, Corporations, §§ 702, 1401-1407.]</p> <p>2. Husband and Wire — Debts oe Husband —Liability oe Wiee.</p> <p>Where lumber, used in the construction of a residence, is furnished to the husband and charged to him, that the wife takes an interest in the manner and progress of the work, makes suggestions, which are adopted, and is allowed to give directions, does not make her liable for the price, nor, unless the privilege of the furnisher is secured in the manner provided by law, does it prevent her from acquiring the property, by dation en paiement, from her husband, free of such privilege.</p> <p>[Ed. Note. — Eor cases in point, see Cent. Dig. vol. 26, Husband and Wife, §§ 575-581.]</p> <p>3. Mechanic’s Lien — Detailed Statement.</p> <p>In order to preserve his privilege for the price, one who furnishes to the owner material used in the construction of a building must record the detailed statement, or acknowledgment, required by Civ. Code, art. 3272. A statement showing merely the total amount charged, with payments and credits, on account, and the balance due, is not the detailed statement so required.</p> <p>[Ed. Note. — Eor cases in point, see Cent. Dig. voi. 34, Mechanics’ Liens, §§ 208-212, 253-255.]</p> <p>4. Same — Notice.</p> <p>Notice of a claim, the privilege to secure which may be preserved by registry, is not the equivalent of registry.</p> <p>[Ed. Note. — Eor cases in point, see Cent. Dig. vol. 34, Mechanics’ Liens, §§ 175