Murphy v. Patapsco Insurance
Murphy v. Patapsco Insurance
Opinion of the Court
delivered the opinion of this court.
This case comes before us on a case stated. It is agreed that if the court should be of the opinion that the appellee is entitled to recover, that the judgment shall be entered up for a sum specified. This deprives us of the power to assess any other damages. The question then is: — Is the appellee entitled to recover ? We think it is, and we found this opinion on the express language of the 2nd sec. of the act of 1813, cb. 55, which after providing for the forfeiture of the' stock of a delinquent stockholder, goes on to declare,, that notwithstanding such forfeiture, he shall, “neverthelessr remaint liable for the proportion of any loss which may arise from risks taken antecedent to said refusal,” on his part, to-comply with his obligation-. It is clear from the account of the auditor that a loss had occurred, and the case stated- fixes the' amount of the judgment.
It was argued by the counsel, that there was-a duty imposed on the company to offer the stock for sale, and then to
We affirm the judgment.-
Judgment affirmed.
Reference
- Full Case Name
- Thomas Murphy v. The Patapsco Insurance Company
- Status
- Published