Supreme Court of New Jersey June 17, 1907 (McCarter v. Ketcham)

The opinion of the court was delivered by

Vkoom, J.

This action was brought by the receiver of an insolvent corporation, the Clinton Hill Lumber and Manufacturing Company, to enforce in favor of the creditors of said company the payment by the defendant of so much of his stock subscription unpaid by him to the company as was necessary to satisfy the debts of the corporation.