Rockville v. Maxwell, 6 U.S. (2 Cranch) 451 (1824)
Case details
Bluebook Citation
Rockville v. Maxwell, 6 U.S. (2 Cranch) 451 (1824)
Full caption
ROCKVILLE & W. TURNPIKE ROAD v. MAXWELL.
Country
United States
Jurisdiction
Federal
Court
C.C.D.C.
Decided
1824
Case No. 11,985.
April Term, 1824.
Corporations — Stock Subscription — Action by Corporation to Recover.
The Rockville and Washington Turnpike Company may maintain an action against a stockholderp. 1080 for the amount of his subscription, and are not obliged to resort to a sale of his shares.
[This was an action on the case by the president, managers, and company of the Rockville & Washington Turnpike Road against George P. Maxwell.]
This was a case like the preceding case [Case No. 11,980], and THE COURT (nem. con.) decided that the plaintiff was not confined to the remedy by a sale of the shares of a delinquent stockholder, but had a substantive cause of action against him for the subscription money; and that a subscriber could not discharge himself from his obligation by an abandonment of his shares.