Case ID: ny_244/html/0587-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Empire Produce Company et al., Appellants, v. Harry L. Allen, as Trustee in Bankruptcy of American Railway Brotherhood Association, Inc., et al., Defendants, and Eugene Burns et al., Respondents.
    
      Stocks and stockholders — corporations — creditors’ suit■ — -action by creditors of bankrupt corporation to recover amounts unpaid on capital stock.
    
    
      Granger & Co. v. Allen, 214 App. Div. 367, affirmed.
    (Argued January 20, 1927;
    decided February 23, 1927.)
    Appeal from a judgment of the Appellate Division of the Supreme Court in the fourth judicial department, entered November 25, 1925, modifying and affirming as modified a judgment in favor of defendants entered upon the report of a referee. The action was brought by creditors of a bankrupt corporation to recover, under section 56 of the Stock Corporation Law, from alleged holders of capital stock, not fully paid for, the amounts due thereon.
    
      John Griffin and Harry K. Brown for appellants.
    
      James O. Sebring and George A. King for respondents.
   Judgment affirmed, with costs; no opinion.

Concur: Cardozo, Ch. J., Pound, Crane, Andrews, Lehman and Kellogg, JJ.