30 N.Y.S. 335 | N.Y. Sup. Ct. | 1894
J. These are appeals by the defendant from the de_ cision, order, and interlocutory judgment overruling the demurrer of the defendant to complaint of the plaintiff in this action upon the ground that it fails to state facts sufficient to constitute a cause of action. The purpose of the suit is to enforce the statutory liability of the defendant, as a stockholder of the New York Advertising Agency, Limited, for certain debts of that corporation, upon the ground of the failure of the directors of the defendant to file a certificate of the full payment of its capital stock according to the requirements of section 37 of chapter 611 of the Laws of 1875. The only question requiring attention is presented in this manner: The complaint alleges the failure of the defendant to file the certificate of the payment of its capital stock, as required by the statute, in the office of the clerk of the city and county of New York, where the principal business office of the defendant was situated, and the defendant contends that the statute contains no such requirement.
Section 37 of the act under which this suit is prosecuted contains these provisions:
“In limited liability companies all the stockholders shall be severally individually liable to the creditors of the company in which they are stockholders, to an amount equal to the amount of stock held by them respectively, for all debts and contracts made by such company, until the whole amount of capital stock fixed and limited by such company has been paid in, and-a certificate thereof has been made and recorded as hereinafter prescribed. * * * The directors of every company within thirty days after the payment of the last installment of the capital stock shall make a certificate stating the amount of the capital so paid in, which certificate shall be signed and sworn to by the president and a majority of the directors; and they shall, within the said thirty days, record the same in the office of the secretary of state and of the county in which the principal business office of such corporation is situated.”
The other questions presented by the appeal were properly determined by the trial judge, and the decision, order, and judgment ¡should be affirmed, with costs and disbursements.
LANDON, J., concurs. BROWN, P. J., dissents.