Whitman v. Oxford National Bank

Citations

• 176 U.S. 559
• 20 S. Ct. 477
• 44 L. Ed. 587
• 1900 U.S. LEXIS 1757

Syllabus

<p>The liability imposed upon stockholders in corporations by the provision in the constitution of the State of Kansas that “ dues from corporations shall be-secured by individual liability of the stockholders to an additional amount equal to the stock owned by each stockholder, and such other means as shall be provided by law; but such individual liabilities shall not apply to railroad corporations, nor corporations for religious or charitable purposes ” and by the statutes of that State which are referred to in the opinion of the court in this case, though statutory in origin, is contractual in its nature; and an action on this liability, not being one to enforce a penal statute of Kansas, but only to secure a private remedy, can be maintained in any court of competent jurisdiction, whether Federal or state.</p>