Supreme Court of Pennsylvania June 4, 1874 (Chambersburg Manufacturing & Building Ass'n's Appeal)

The Supreme Court affirmed the decree of the Common Pleas on June 4, 1874, in the following opinion:

Per Curiam.

No principle is better settled than that the capital stock of a corporation is a.trust fund for the payment of its debts. In the case of insolvency no stockholder shall be permitted to withdraw any part of its assets until all its debts are paid.