Case No. 11,985.

ROCKVILLE & W. TURNPIKE ROAD v. MAXWELL.

[2 Cranch, C. C. 451.]¹

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 1080for the amount of his subscription, and are not obliged to resort to a sale of his shares.

[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.

¹ [Reported by Hon. William Cranch, Chief Judge.]

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