Patterson v. Lynde, 106 U.S. 519 (1883)
U.S. Supreme CourtPatterson v. Lynde, 106 U.S. 519 (1883)
Patterson v. Lynde
Decided January 8, 1883
106 U.S. 519
The creditor of a corporation organized under the general laws of Oregon cannot, to recover his debt against it, enforce, by an action at law, the liability of a stockholder upon an unpaid subscription to its capital stock.
Patterson, a judgment creditor of a mining company organized under the general laws of Oregon "in relation to the formation of private corporations," brought this action against Lynde to enforce his liability to the company upon an unpaid stock subscription, and thus sought to apply Lynde's indebtedness to the payment of the judgment.
Lynde demurred, and judgment was rendered in his favor. Patterson then brought this writ of error.
The constitutional and statutory provisions applicable to the case are set forth in the opinion of the Court.