Spargo v. Converse

Citations

• 191 F. 823
• 112 C.C.A. 337
• 1911 U.S. App. LEXIS 5000

Syllabus

<p>Corporations (§ 265*) — Stockholders—Statutory Liauility — Assessments —Parties.</p> <p>Tbe validity of an assessment made by a court of Minnesota against the stockholders of an insolvent corporation under Rev. Laws Minn. 1905, §§ 3181-3190, is not affected as to a particular nonresident stockholder by the fact that such stockholder died before the assessment was made, nor because notice was addressed to him, and not to his executor: all stockholders in such proceeding, which is in a sense in rem, being represented by the corporation.</p> <p>[Ed. Note. — li’or other eases, see Corporations, Cent. Dig. §§ 1099-1125; Dec. Dig. § 265.*]</p>