National Surety Co. v. Coleman

This bill was filed by a stockholder in the Mid-Texas Petroleum Corporation to have advantage of the Act of 1919, p. 946. Its general equity as a bill on behalf of defrauded stockholders is sustained by the decision in National Surety Co. v. Graves, 211 Ala. 533, 101 So. 190. But this court, in National Surety Co. v. Morgan, 211 Ala. 360, 100 So. 462, held that the statute of limitation of one year, provided by the Act of 1919 and by the substitutionary Act of 1920, p. 60, applied in a ease circumstanced as this, and complainant, seeking to avoid the bar of the statute, amended his bill, as…