Grice v. Anderson
Supreme Court of South Carolina
Before Bowman, J., Charleston, Spring term, 1917. Action by E. P. Grice and Arthur R. Young, as receivers of the Security Real Estate & Investment Company, against S. Pickens Anderson, as administrator of the estate of R. M. Anderson, deceased, and others. From the judgment rendered, plaintiffs appeal. Code Civ.
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Before Bowman, J., Charleston, Spring term, 1917. Action by E. P. Grice and Arthur R. Young, as receivers of the Security Real Estate & Investment Company, against S. Pickens Anderson, as administrator of the estate of R. M. Anderson, deceased, and others. From the judgment rendered, plaintiffs appeal. Code Civ. Proc. 1912, sec. 156, referred to in the opinion, is a part of the title “Time of Commencing Actions,” and is as follows : “This title shall not affect actions against directors or stockholders of a moneyed corporation, or banking association, to recover a penalty or forfeiture…
1Opinion of the Court
The opinion of the Court was delivered by
Mr. Justice: Gage.
Appeal from a formal order of the Circuit Court, which reversed a report of the master on an issue of law.
There are four exceptions, but there is but one question to be decided, and it is an application of the statute of limitations to the facts of the case. The facts are these:
There was organized at Charleston in 1897 the “Security-Real Estate & Investment Company;” the “general purpose of the corporation and the nature of business it proposed to do was to buy, sell, mortgage and improve real, estate, deal in negotiable paper, bonds,…
2Cases cited5 opinions
- Hawkins v. GlennSupreme Court of the United States · 1889
- Platt v. WilmotSupreme Court of the United States · 1904
- Kennedy v. IndianapolisSupreme Court of the United States · 1881
- Porter v. StrickerSupreme Court of South Carolina · 1895
- State v. ChanceSupreme Court of Kansas · 1910