Case Name: ROCKVILLE & W. TURNPIKE ROAD v. MAXWELL
Court: United States Circuit Court of the District of Columbia
Jurisdiction: United States
Decision Date: 1824-04
Citations: 20 F. Cas. 1079
Docket Number: 
Parties: ROCKVILLE & W. TURNPIKE ROAD v. MAXWELL.
Judges: 
Reporter: Federal Cases
Volume: 20
Pages: 1079–1080

Head Matter:
Case No. 11,985.
ROCKVILLE & W. TURNPIKE ROAD v. MAXWELL.
[2 Cranch, C. C. 451.]
Circuit Court. District of Columbia.
April Term, 1824.
Corporations — Stock Subscription — Action by Corporation to Recover.
The Rockville and Washington Turnpike Company may maintain an action against a stock holder for the amount of his subscription, and are not obliged to resort to a sale of his shares.

Opinion:
[This was an action on the case by the president, managers, and company of the Rockville & Washington Turnpike Road against George P. Maxwell.]
This was a case like the preceding case [Case No. 11,980], and THE COURT (nem. con.) decided that the plaintiff was not confined to the remedy by a sale of the shares of a delinquent stockholder, but had a substantive cause of action against him for the subscription money; and that a subscriber could not discharge himself from his obligation by an abandonment of his shares.