Summary
In Agate v. Sands (73 N.Y. supra) this precise question did not arise. The debt of the creditor who sued was $2,400; the shareholder's stock was $5,000, but his debt against the company was $10,000, or enough to extinguish both his statutory liability and his subscription if he owed the whole amount.
Summary of this case from Wheeler v. MillarOpinion
Argued April 17, 1878
Decided May 21, 1878
C. Bainbridge Smith for appellant.
Albert Mathews for respondent.
MILLER, J., reads for affirmance
All concur.
Judgment affirmed.