{
  "id": 2617340,
  "name": "James Steel v. James Dunne",
  "name_abbreviation": "Steel v. Dunne",
  "decision_date": "1872-09",
  "docket_number": "",
  "first_page": "298",
  "last_page": "301",
  "citations": [
    {
      "type": "official",
      "cite": "65 Ill. 298"
    }
  ],
  "court": {
    "name_abbreviation": "Ill.",
    "id": 8772,
    "name": "Illinois Supreme Court"
  },
  "jurisdiction": {
    "id": 29,
    "name_long": "Illinois",
    "name": "Ill."
  },
  "cites_to": [],
  "analysis": {
    "cardinality": 278,
    "char_count": 4973,
    "ocr_confidence": 0.575,
    "pagerank": {
      "raw": 9.21029043598038e-08,
      "percentile": 0.5099343629686518
    },
    "sha256": "848a19783062795149b180979e370625d3e79b8d86abf85c4bfc0edaf66871d4",
    "simhash": "1:3a135aceeb9fba5e",
    "word_count": 844
  },
  "last_updated": "2023-07-14T19:51:24.172785+00:00",
  "provenance": {
    "date_added": "2019-08-29",
    "source": "Harvard",
    "batch": "2018"
  },
  "casebody": {
    "judges": [],
    "parties": [
      "James Steel v. James Dunne."
    ],
    "opinions": [
      {
        "text": "Mr. Justice Scott\ndelivered the opinion of the Court:\nThe appellee was formerly secretary of the \u201c Piute Mining Company of Chicago,\u201d an incorporated company organized under the general laws of the State. At the March term, 1871, of the circuit court of Cook county he obtained a judgment against that company. On this judgment execution was regularly issued, and was, by the sheriff, returned nulla bona before this action was commenced. It is alleged that appellant was a stockholder in that company, and this action was commenced against him to recover the amount of the judgment obtained by appellee against the company.\nThe statute under which the company was organized provides : that all stockholders of every such company shall be severally individually liable to the creditors of the company to the amount equal to the amount of stock held by them respectively, for all debts and contracts made by the company prior to the time when the whole capital stock shall have been paid in, and a certificate thereof made and filed as therein required. Gross\u2019 Statutes, chap. 25, div. 14.\nThe defense sought to be interposed is that appellant was not, at the date-the debt was contracted for which appellee obtained judgment, and never was a stockholder in the \u201c Piute Mining Company.\u201d\nIt seems to us that the evidence fully sustains the defense.\nIt does not appear that any certificates of stock were ever issued to any one by that company, or that appellant really owned any stock. He had not previously subscribed for any stock. The company was only in existence for a period of about three months.\nThe company was about to commence business and issue certificates of stock, and for that purpose caused scrip to be printed and a seal to be engraved. When the work was finished it was found that the seal was engraved \u201c The Piute Silver Mining Company of Chicago.\u201d The same error, perhaps, occurred in the printing. It was suggested by appellee that the cheapest way to remedy the difficulty would be to file new articles of association, and organize the company by the name \u201c The Piute Silver Mining Company,\u201d which was accordingly done. The new company was organized with five directors; the old company had seven. Appellant was named as a director in both companies.\nThe \u201cPiute Mining Company\u201d seems to have been then abandoned. Ho stock had been previously issued, and none afterwards.\nThe new organization having a different and less directory was essentially a new company. It had a new name and^a new directory. In the latter company it is admitted that appellant was a stockholder, but appellee never rendered any services for the \u201c Piute Silver Mining Company,\u201d and had no judgment against it.\nThere being no satisfactory evidence in the record that appellant was ever a stockholder in the \u201cPiute Mining Company,\u201d against which appellee had a judgment, there could be no recovery. What remedy appellee may have had against the directors of the abandoned company who employed him as their secretary, it is not the province of this court to inquire. It is sufficient that under the evidence in this record there can be no recoArery as against appellant.\nThe mere fact that he Avas a director in the company is not sufficient to make him liable Avithin the meaning of the statute. It must appear that he Avas a stockholder before any individual liability can attach. The remedy is purely statutory, and the evidence must shoAv that he is plainly within its purvieAV before he can be made personally liable. The meaning of the statute can not be enlarged so as to include cases not expressly Avithin its provisions.\nThe judgment is reversed and the cause remanded.\nJudgment reversed.",
        "type": "majority",
        "author": "Mr. Justice Scott"
      }
    ],
    "attorneys": [
      "Messrs. Moban & English, for the appellant.",
      "Mr. C. M. Habdy, for the appellee."
    ],
    "corrections": "",
    "head_matter": "James Steel v. James Dunne.\n1. Corporation\u2014individual liability as stoclcholdm'\u2014construction. In order to fix a liability upon one for the debts of a private corporation organized under the general law which makes stockholders individually liable to the creditors of the company to an amount equal to the stock held by them, etc., it must be made plainly to appear that he was a stockholder, and within the purview of the law. The meaning of the statute can not be enlarged so as to include cases not expressly within its provisions.\n3. The mere fact that the defendant was a director in such a company is not sufficient to make him liable individually within the meaning of the statute.\n3. So, where the defendant was a director in the Piute Mining Com pany, and it appeared that company had never issued any certificates of stock, and it was not shown that he ever subscribed for stock, and it appeared that he was a stockholder in the Piute Silver Mining Company, subsequently organized with a different directory: Held, that he was notA, liable individually in a suit by a creditor of the first named corporation.\nAppeal from the Circuit Court of Cook'county; the Hon. Henby Booth, Judge, presiding.\nMessrs. Moban & English, for the appellant.\nMr. C. M. Habdy, for the appellee."
  },
  "file_name": "0298-01",
  "first_page_order": 298,
  "last_page_order": 301
}