91 Cal. 548 | Cal. | 1891
We think that the personal liability of a stockholder of a corporation for his proportion of the
The court of appeals of Maryland had before it the question of the nature of such a liability upon the part of a stockholder, in Norris v. Wrenschall, 34 Md. 492, and in that ease it was held to be an obligation so far ex contractu as fairly to come within the spirit and intent of a statute intended to facilitate the recovery of judgments in suits “ when the cause of action is a contract, whether in writing or not, or whether express or implied.”
We are satisfied with the conclusion there reached.
It follows that the application for the writ applied for herein must be denied, and it is so ordered.