Case Name: Harry T. Gause, on Behalf of Himself and Certain Other Creditors of the Commonwealth Trust Company, Appellant, v. George C. Boldt et al., Defendants, and Thomas J. Hallowell et al., Respondents
Court: New York Court of Appeals
Jurisdiction: New York
Decision Date: 1907-03-05
Citations: 188 N.Y. 546
Docket Number: 
Parties: Harry T. Gause, on Behalf of Himself and Certain Other Creditors of the Commonwealth Trust Company, Appellant, v. George C. Boldt et al., Defendants, and Thomas J. Hallowell et al., Respondents.
Judges: 
Reporter: New York Reports
Volume: 188
Pages: 546–546

Head Matter:
Harry T. Gause, on Behalf of Himself and Certain Other Creditors of the Commonwealth Trust Company, Appellant, v. George C. Boldt et al., Defendants, and Thomas J. Hallowell et al., Respondents.
(Argued February 26, 1907;
decided March 5, 1907.)
Gause v. Boldt, 115 App. Div. 897, affirmed.
Appeal from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered December 5, 1906, which affirmed a judgment of Special Term sustaining demurrers to the complaint in an action to establish a claim against the Commonwealth Trust Company and to enforce the statutory liability of its stockholders therefor.
Howard Taylor' for appellant.
D. Cady Herrick, Francis 8. Hutchins and Frederick W. Garvin for Commonwealth Trust Company et ah, respondents.
ForTee Allen for Arthur H. ITagemeyer, respondent.
William M. Bennett for Thomas J. Hallowell et ah, respondents.

Opinion:
Per Gurimn.
The trust company not having been dissolved and being subject to suit it was necessary for the plaintiff; to obtain a judgment • upon his olaim against it before bringing an action against its stockholders to enforce any liability on account of such claim. (Banking Law, § 162.) We do not deem it necessary or expedient at this time to express any opinion upon the effect of the other requirements of said statute which have been more or less discussed by counsel. '
The judgment should be affirmed, with costs.
Cullen, Ch. J., Edwabd T. Babtlett, Haight,. Yann, Weeneb, Willaed Babtlett and Hisoook, JJ"., concur.
Judgment affirmed.