Sterling v. Reecher

The question in controversy is: which period of limitations under the Maryland statutes, three years or twelve years, applies to suits to enforce by a receiver the double liability of stockholders in trust companies under the provisions of the Code, art. 11, sec. 72, in force prior to 1937. The Central Trust Company’s stockholders were not relieved of that liability by the Act of 1937, ch. 81, Code, art. 11, sec. 72A; their liability had been previously established. The statute imposing it contained no express limitation on the suit, such as is found in statutes in some other jurisdictions.

It…