Pier v. George

Headnote

An assignee of a claim against a manufacturing corporation may maintain an action against a trustee thereof, to enforce the liability for its debts given by the General Manufacturing Act because of failure to file an annual report, or because of signing a false report.

Pier v. George ( 20 Hun, 210 ), reversed.

This action was brought against defendant as a trustee of the “Newburgh Lager Beer Brewery,” a corporation organized under the General Manufacturing Act, to recover the amount of certain promissory notes made by the corporation, payable to Pier Brothers & Co., and transferred to plaintiff, for which defendant was claimed to be liable because of failure of the corporation to file an annual report, and because of his signing a report containing a material false representation, knowing it to be false.

The case presented the same questions and was argued with Pier v. Hanmore (ante, p. 95), and was decided principally upon the authority of that case.

It was claimed by defendant, that the action was not maintainable upon an assigned claim. Held untenable. The court citing Bolere v. Crosby ( 49 N. Y. 183 ) Hoag v. Lamont (60 id. 96).