Davis v. Drury

Citations

• 105 Kan. 69
• 181 P. 559
• 1919 Kan. LEXIS 19

Syllabus

<p>SYLLABUS BY THE COURT</p> <p>1. Insolvent Bank — Liability of Stockholders — Limitation of Actions. Where a statute imposes an additional liability upon a stockholder on account of the insolvency of a corporation, in an amount equivalent to that which the stockholder has invested in the corporate stock, such liability is mature, and a cause of action accrues thereon when the fact of insolvency and the extent of the liability are determined; and the operation of the statute of limitations is not postponed by the unauthorized act of a public official who gives the-stockholders a leniency of thirty days in which to pay their several statutory liabilities.</p> <p>2. Same. An action on a liability imposed by statute is barred in three years after such statutory liability has accrued.</p>