Bower v. Cyano Chemical Co.

Citations

• 20 Pa. Super. 33
• 1902 Pa. Super. LEXIS 177

Syllabus

<p>Corporations — Liability of stockholders for work or labor — Statute of limitations — Acts of April 29, 1874, P. L. 73, and April 17, 1876, P. L. 30.</p> <p>Under sections 14 and 15 of the Act of April 29, 1874, P. L. 73, as amended by -the Act of April 17, 1876, P. L. 30. the. right of action against individual stockholders, for work or labor done for a corporation, arises when the debt becomes due by the corporation, and when suit can be brought against the latter it can be brought at the same time against the former. The statute of limitations therefore begins to run in favor of the stockholders, at the time the debt becomes due by the corporation, and if suit is not brought within six months from that time, the claim against the stockholders is barred.</p>