Owingsville & Mt. Sterling Turnpike Road Co. v. Bondurant's Administrator
Court of Appeals of Kentucky
Case 79 — ACTION FOR DIVIDENDS APPEAL PROM MONTGOMERY CIRCUIT COURT. 1. Limitation — 'Invoked ry Corporation against Stockholder.— B. claiming to have been a stockholder in appellant corporation, failed for forty years to claim or exercise any title to the shares now claimed.
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Case 79 — ACTION FOR DIVIDENDS APPEAL PROM MONTGOMERY CIRCUIT COURT. 1. Limitation — 'Invoked ry Corporation against Stockholder.— B. claiming to have been a stockholder in appellant corporation, failed for forty years to claim or exercise any title to the shares now claimed. The corporation had for more than fifteen years recognized others — without fraud — as the sole owners of all its stock, and now pleads the statute of limitation ir \f this action hy Bondurant’s administrator to recover dm — uis declared hy the corporation on its stock. Young, &c. v. A. C. & I Ry. Co., 19 Ky. Law Rep.,…
1Opinion of the Court
JUDGE PAYNTER
delivered the opinion op the court.
The administrator de bonis non with the will annexed of Joseph Bondurant, deceased, sought to recover from the appellant dividends, for the years 1889, 1890, 1891, 1892, 1893, and 1894, on thirty shares of stock, the par value of which was fifty dollars per share. The verdict of the jury was to the effect (and we think it was authorized from the testimony to reach the conclusion) that Bondurant was one of the original stockholders of the appellant company; that the amount of stock for which he subscribed and paid was thirty shares, the par value…
2Cited by10 opinions
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- Bennett v. Hibernia BankCalifornia Supreme Court · 1956
- Yeaman v. Galveston City CompanyTexas Supreme Court · 1914
- Mountain Water Works Construction Co. v. HolmeSupreme Court of Colorado · 1911
- Holly Corporation v. WilsonSupreme Court of Colorado · 1937
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