Strickler v. McElroy

Citations

• 40 Pa. Super. 277
• 1909 Pa. Super. LEXIS 604

Syllabus

<p>Corporations — Directors—Illegal sale of stock — Statute of limitations.</p> <p>In an action by a stockholder against directors of a corporation to recover a share of profits on stock illegally sold by the directors to themselves at par, and thereafter sold at an advance, the statute of limitations is not a bar where it appears that the suit was brought on March 22, 1907, that the certificates were dated March 13,1901, and that the stock was not actually delivered to the defendants or paid for by them until April 2,1901.</p>