Diamond Rubber Co. v. Fohey
Cases that cite this one
1 later published case cites this decision.
- United Sewing Machine Distributors, Inc. v. Calhoun (Miss. 1957)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion of the Court
delivered the opinion of the court.
We are of the opinion that a corporation is not so defectively organized as to render its stockholders liable for the debts thereof as partners or otherwise, although: (1) Its charter is not recorded in the office of the chancery clerk of the county in which it does business; and (2) it commenced and continued to do business with a capital stock, subscribed and paid in, less than the full amount thereof authorized by its charter, such charter not requiring a certain amount of capital stock -to be paid in before it can commence business.
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.