by John Marshall Harlan, Henley v. Myers — Opinion of the Court
“ In what way the transfer of the stock of a corporation shall be made and evidenced is a matter entirely within the govermental power of the state that creates the corporation, the state taking care that such power be not so exerted as to violate any right secured by the supreme law of the land. ”
by John Marshall Harlan, Henley v. Myers — Opinion of the Court
“ From an examination of those provisions it will be seen that when the defendants became the owners of stock in the company it was the law of Kansas: 1. That a stockholder in any corporation other than one for railroad, religious, or charitable purposes, should be liable for the dues of the corporation to the extent of every unpaid subscription, and for an additional amount equal to the par value of the stock owned by him. ”
by John Marshall Harlan, Henley v. Myers — Opinion of the Court
“ Equally without merit is the contention that the statute of 1899 impaired the obligations of the stockholder's contract, in that it substituted for individual actions against them a suit im equity by a receiver appointed after judgment against the corporation. In becoming stockholders, the defendants did not acquire a vested right in any particular mode of procedure adopted for the purpose of enforcing their liability as stockholders. ”
