Joseph McKenna, Rankin v. Barton — Opinion of the Court
“ The individual liability of a stockholder can only be enforced by his order. The provision is as much for the benefit of the stockhoders as for the United States, and it is indispensable to the bringing of a suit against the stockholder. ”
Joseph McKenna, Rankin v. Barton — Opinion of the Court
“ That although the cause of action arose under the act of Congress, which prescribed no limitation on the remedy against stockholders, the statute of the state applied; and (2) the statute commenced to run, not when the assessment was made against a stockholder, but was put in motion by delay in making the assessment. ”
