Buist v. Melchers

Citations

• 67 S.C. 74

Syllabus

<p>Laches — Parties—Receiver—B. &. L. Assn. — Directors.—Unexplained delay in prosecuting an action by a receiver of a building and loan association for nearly ten years, against its directors for loss to stockholders from their negligence during the official term of each, during which time several directors have died, their estates been settled and personal representatives discharged, is such laches as will warrant the court of equity in dismissing the original bill, although •the first receiver has been discharged at his request and another appointed, who has used due diligence to bring the original cause to a hearing, and is willing to proceed against the surviving directors.</p>