Plaintiff stockholder brought a personal action against the president and majority stockholder for fraudulent conversion of money and property of a corporation dissolved prior to the start of plaintiff's suit. A statute provided that a dissolved corporation could sue to recover on a corporate right of action. Defendant's demurrer was sustained. On appeal, held, affirmed. An action to enforce corporate injuries cannot be maintained by a stockholder in his own name, even though the corporation has been dissolved. Ruplinger v. Ruplinger, (Neb. 1951) 48 N.W. (2d) 73.
Harry T. Baumann,
CORPORATIONS-SHAREHOLDERS-RIGHT TO BRING PERSONAL ACTION AFTER DISSOLUTION OF CORPORATION,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol50/iss4/13