Thompson v. Young

2 Ohio 334

Opinion

By the Court:

The authorities adduced by the defendants are conclusive that the securities were not bound for any defalcation that took place after the expiration of the first charter. And we hold them to be in accordance with the soundest principles of justice.

It is equally clear that the defendants can not be concluded by an adjudication in a case where they were not parties. The bill must be dismissed.