Summary

Portrait of David Josiah Brewer David Josiah Brewer Hancock National Bank v. Farnum…

We do not mean that it is conclusive as against any individual sued as a stockholder that he is one, or if one, that he has not already discharged by payment to some other creditor of the corporation the full measure of his liability, or that he has not claims against the corporation, or judgments against it, which he may, in law or equity, as any debtor, whether by judgment or otherwise, set off against a claim or judgment, but in other respects it is an adjudication binding him.
Source: Wikisource

Portrait of David Josiah Brewer David Josiah Brewer Hancock National Bank v. Farnum…

In that case we decided that a plaintiff, after the recovery of a judgment against a Kansas corporation in the courts of Kansas, and the return of an execution unsatisfied, could maintain an action in any court of competent jurisdiction against a stockholder of the corporation to recover in satisfaction of his judgment an amount not exceeding the parvalue of the defendant's stock.
Source: Wikisource

Portrait of David Josiah Brewer David Josiah Brewer Hancock National Bank v. Farnum…

The records and judicial proceedings of the courts of any state or territory, or of any such country, shall be proved or admitted in any other court within the United States, by the attestation of the clerk, and the seal of the court annexed, if there be a seal, together with a certificate of the judge, chief justice, or presiding magistrate, that the said attestation is in due form.
Source: Wikisource

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