Seattle Nat. Bank v. Pratt
U.S. Court of Appeals for the Second Circuit
Seattle Nat. Bank v. Pratt, 111 F. 841 (2d Cir. 1901)
49 C.C.A. 662; 1901 U.S. App. LEXIS 4437
Seattle Nat. Bank v. Pratt
Opinion of the Court
The facts, as the judge below found, bring this case within the decision of this court in Hobbs v. Bank, 37 C. C. A. 513, 96 Fed. 396; Id., 41 C. C. A. 205, 101 Fed. 75. A three-years statute was applied in that case, and, since certiorari was r'efused by the supreme court, the rule laid down in the Hobbs Case will be followed here, viz. that such an action cannot be maintained against such stockholder in this state when action was not begun until more than three years after the cause of action accrued, and during that entire period defendant was a resident of this state.
Judgment affirmed, with costs’.
Reference
- Full Case Name
- SEATTLE NAT. BANK v. PRATT
- Cited By
- 4 cases
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- Published
- Syllabus
- COHPOILVTIONS—ACTION AGAINST STOCKHOLDERS—LIMITATION. Code Civ. Proc. N. Y. § 394, providing that an action against a stockholder of a moneyed corporation, to charge him with a statutory liability, must be brought within three years, applies to an action brought in New York against a stockholder of a mortgage trust company of another state to enforce a liability imposed by the constitution and statutes of such state, where the defendant has been during the entire period a resident ■\ of New York."