Newton's Estate
Superior Court of Pennsylvania
Appeal, No. 209, Oct. T., 1910, by F. Morse Arthur, substituted receiver of American Alkali Company, from decree of O. C. Montgomery Co., sustaining exceptions to adjudication in estate of George J. Newton, deceased. Exceptions to adjudication. The opinion of the Superior Court states the case.
1Opinion of the Court
Opinion by
Henderson, J.,
The question presented is, When does the time begin to run within which an action must be brought against a stockholder of an insolvent corporation on a subscription for unpaid capital stock to prevent the bar of the statute of limitations? The same question arose in Franklin Savings Bank v. Bridges, 20 W. N. C. 43. In that case the action was brought by the assignee of the insolvent corporation and the action having been brought more than six years after the insolvency the court below granted a nonsuit which judgment was affirmed by the Supreme Court. The case was put…
2Cases cited10 opinions
- Scovill v. ThayerSupreme Court of the United States · 1882
- Hawkins v. GlennSupreme Court of the United States · 1889
- Bauserman v. BluntSupreme Court of the United States · 1893
- Great Western Telegraph Co. v. PurdySupreme Court of the United States · 1896
- Platt v. WilmotSupreme Court of the United States · 1904
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3Cited by5 opinions
- Overfield v. Pennroad CorporationCourt of Appeals for the Third Circuit · 1944
- Bell, Secy. of Banking v. BradySupreme Court of Pennsylvania · 1943
- Freeman v. LawtonSupreme Court of Pennsylvania · 1946
- Cancelmo's EstatePennsylvania Orphans' Court, Philadelphia County · 1931
- Overfield v. Pennroad CorporationCourt of Appeals for the Third Circuit · 1944