61 Minn. 373 | Minn. | 1895
It is admitted by appellant that this action is brought under the provisions of G. S. 1894, §§ 2600-2602, to recover a judgment against the defendant corporation upon certain promissory notes made by it, and to ascertain and enforce for the plaintiff’s sole benefit the individual liability of the defendant stockholders for unpaid instalments upon their stock subscriptions, and “for
The defendants paid all instalments of stock subscriptions, and as no action to enforce against them the constitutional or double liability could be maintained under the provisions of G. S. 1894, c. 34, it follows that the action was properly dismissed. The remedy for enforcing such double liability of stockholders is that provided by G. S. 1894, c. 76, §§ 5889-5911, and it is the exclusive remedy, Allen v. Walsh, 25 Minn. 543; Johnson v. Fischer, 30 Minn. 173, 14 N. W. 799; McKusick v. Seymour, Sabin & Co., 48 Minn. 158, 50 N. W. 1114. Neither the allegations of the complaint nor the findings of the court bring this case within the provisions of chapter 76. The cases relied on by the plaintiff are not in point. Since the decision in the case of Dodge v. Minnesota Roofing Co., 16 Minn. 327 (368), the statute upon which it was based has been materially amended. Johnson v. Fischer, supra. The case of Merchants’ Nat. Bank v. Bailey Manfg. Co., 34 Minn. 323, 25 N. W. 639, was an action to enforce payment of the plaintiff’s claim out of the unpaid instalments of stock subscriptions, and not to enforce the double liability, if it existed in that case.
The costs, as modified by the court, were properly taxed. Where there are a trial of the cause, findings of fact and conclusions of law by the court, and judgment of dismissal based thereon, it is a judgment on the merits, within the meaning of G-. S. 1894, § 5498, subsec. 4, so as to entitle the defendant to $10 statutory costs.
Judgment affirmed.