Raegener v. Medicus

The action is on a capital stock note made by the defendants to the Equitable Mutual Fire Insurance Corporation of New York, February 8, 1894, prior to its organization, whereby *592"the defendants on demand promised to pay $400 to the said corporation, “ subject to the conditions and obligations of ‘ The Insurance Law ’ of the State of New York (Chap. 690, Laws of 1892) and the by-laws of the said corporation printed on the back of this note.” More than six years elapsed after the date of the note before this suit was brought, and the question is, whether the claim is barred by the Statute of…