Summary

Samuel Blatchford Glenn v. Liggett — Opinion of the Court

The legislation of Missouri, which is invoked to the effect that, for the purposes of the statute of limitations of that state, the liability of a stockholder in a corporation to a creditor becomes fixed by the insolvency and dissolution of the corporation, and then becomes a primary and unconditional obligation, and the statute commences to run at once, can have no application to the present case.
Source: Wikisource

Samuel Blatchford Glenn v. Liggett — Opinion of the Court

The syllabus of that case correctly embodies the rulings of this court in these words: 'In the absence of fraud, stockholders are bound by a decree against their corporation in respect to corporate matters, and such a decree is not open to collateral attack. Statutes of imitation do not commence to run as against subscriptions to stock, payable as called for, until a call or its equivalent has been had; and subscribers cannot object, when an assessment to pay debts has been made, that the corporate duty in this regard had not been earlier discharged.
Source: Wikisource

Samuel Blatchford Glenn v. Liggett — Opinion of the Court

It is objected by the defendant Liggett that this court has no jurisdiction of the writ of error, because the writ, the citation, and the bond, all of them, bear date the 13th of December, 1886, and because the writ and the citation were filed in the office of the clerk of the circuit court on that day, while the judgmentsought to be reviewed was not rendered until the 14th of December, 1886.
Source: Wikisource

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