Steadman v. Merchants & Planters Bank

Citations

• 69 Tex. 50
• 6 S.W. 675
• 1887 Tex. LEXIS 772

Syllabus

<p>1. Corporations — Statutes Construed. — The eleventh section of the act of 1874, relating to corporations, construed in connection with article 11, section 6 and section 35, must be regarded as meaning that “a corporation shall have succession by its corporate name for the period limited in its charter” for twenty years.</p> <p>3. Same. — There is nothing in the act of 1874 relating to corporations that shows an intent to change the previous provisions of the act of 1871, allowing corporations to exist beyond the period of twenty years, should their charters so provide.</p> <p>3. Construction of Statutes. — When an old law is superceded by a new one whose provisions are vague and indefinite, the former law may be resorted to for purposes of construction.</p> <p>4. Same. — There is nothing in the act of 1874 relating to corporations, evincing the purpose of the Legislature to change the former provisions of the act of 1871,•allowing corporations to exist beyond the period of twenty years, should their charter so provide.</p>