BAY STATE YORK CO. v. COBB


346 Mass. 641 (1964)

195 N.E.2d 328

BAY STATE YORK CO. vs. HERBERT W. COBB & others.

Supreme Judicial Court of Massachusetts, Norfolk.

January 7, 1964.


Attorney(s) appearing for the Case

Dimitri Homsy for the defendants.

Reuben Goodman & Sydney Berkman for the plaintiff.

Present: WILKINS, C.J., SPALDING, WHITTEMORE, CUTTER, & SPIEGEL, JJ.


WILKINS, C.J.

The plaintiff, a creditor of Shoals, Inc., a corporation of Massachusetts, brings this bill to establish liability for indebtedness against the three officers and directors of Shoals on the ground that corporate stock was issued in violation of G.L.c. (Ter. Ed.) c. 156, §§ 15, 36. The case was referred to a master, who filed a report, which was confirmed. The defendants appealed from a final decree that they are jointly and severally indebted...

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