Appellate Court of Illinois, 1916

In re Estate of Dickason

Appellate Court of Illinois · Decided June 19, 1916 · Connor

199 Ill. App. 640

Opinion of the Court

Mr. Justice O’Connor

delivered the opinion of the court.

2. Corporations, § 125*—when notice of assessment on stock subscription essential. Where a resolution of the stockholders of a corporation provides that if an assessment of over ten per cent, on stock be made, thirty days’ notice shall be given, such resolution being in conformity with the terms of the subscription list, the making of such assessment and the giving of notice are prerequisite before a recovery on a subscription.

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