View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

The c&se of Soott • • paweese, 181 U.S. ZOZt did not involve
any holding cciapany, bat WR* aisaply a ease in nrhioh a shareholder who
subscribed for stock in a bank# held the saaie im his ova name and ae~
o«pt©d dividends thereon, defended a suit to c e l l e e t a stockholders r
assessment on the ground that ;.he stook had not b«en validly issued
because th© amount thereof had not been fully paid in cash as required by sootion §142 of the revised Statutes.