Curtis v. Harlow
Curtis v. Harlow
Opinion of the Court
The decision of this case depends entirely upon the construction to be given to the Rev. Sts. c. 38, § 16. It is true, as suggested by the counsel for the plaintiff, that the previous Sts. of 1808, c. 65, 1821, c. 38, and 1826, c. 137, are not included in the list of repealed statutes found in the general repealing act of 1836. Rev. Sts. p. 813. The St. of 1829, c. 53, '<§> 16, had already repealed all these previous statutes, so far as respected corporations subsequently created, leaving them in force, as to corporations created under them, until such corporations should have adopted the new statute and complied with its provisions. These earlier statutes, therefore, are not wholly repealed, but remain in force as to many existing corporations. They have been often applied, since the enacting of the revised statutes, as in Peirce v. Partridge, and Kelton v. Phillips, 3 Met. 44, 61, and other cases. The policy of the legislature has been, to make the statutes regulating manufacturing corporations, and providing as to the liability of the stockholders, prospective laws. Hence the limitation, usually found in them, to “ any corporation which may hereafter be established within this Commonwealth.”
The St. of 1829, c. 53, was, however, directly repealed by the repealing act of 1836, leaving in force, however, by the provisions of the Rev. Sts. c. 38, § 36, as to all manufacturing corporations already created, the laws existing on the day the revised statutes took effect, except as modified by c. 38.
By recurring to these provisions, and the St. of 1829, c. 53, it wil. be found that the liabilities of the members of the Keith Iron Company will wholly depend upon the construction of Rev. Sts. c. 38, <§> 16 as already stated; the St. of 1829, c. 53, so far as it bears upon the question before us, being substantially similar. Sect. 16 provides that “ all the members of every manufacturing company that has been incorporated since the 23d of February 1830,” (the date of St. 1829, c. 53,) “ or that shall be hereafter incorporated, shall be jointly and severally liable for all debts and contracts made by such company, until the whole amount of the capital stock shall have been paid in, and a certificate thereof sha!' have been made
We are brought back to the words of the statute, as the rule for our decision, rather than to rely upon arguments drawn from the fitness of one or the other provision. Indeed, where the words are plain and unequivocal, we have only to give them effect, unless such construction be absurd or do violence to common sense. The language of the statute is, ‘ all the members of every manufacturing company ” shall be
It was suggested in the argument for the plaintiff, that this court, in the case of Mill Dam Foundery v. Hovey, 21 Pick. 455, had virtually given a construction favorable to their views, by a decision to the effect that ceasing to be a member does not exempt one from liability for neglect of the company in not complying with the provisions as to filing a certificate of payment of the capital stock, and publishing annually the amount of assessments and of all existing debts. The question arose there upon the St. of 1829, c. 53, and the ruling was in reference particularly to the liability for neglecting to publish the annual statements just referred to. It arose incidentally upon the question of the competency of a witness. It may be that both those who are members at the time of the making of the contract, and those who are such at the time of the rendition of the judgment, are personally liable for the debt, if there was, during the membership of each, an entire neglect to comply with the provisions of the statute. Without expressing any further opinion upon that point, we are of opinion that the plaintiff was such member, and stood in such relation to this corporation, as to subject himself to personal responsibility for the judgment recovered against the company;
Reference
- Full Case Name
- Simeon Curtis v. Branch Harlow
- Status
- Published