Search Supreme Court Cases

TERRY V. TUBMAN, 92 U. S. 156 (1875)

U.S. Supreme Court

Terry v. Tubman, 92 U.S. 156 (1875)

Terry v. Tubman

92 U.S. 156


1. Where the charter of a bank contained a provision binding the individual property of its stockholders for the ultimate redemption of its bills in proportion to the number of shares held by them respectively, the liability of the stockholders arises when the bank refuses or ceases to redeem and is notoriously and continuously insolvent.

2. Such insolvency having occurred prior to June 1, 1865, an action against a stockholder, not commenced by Jan. 1, 1870, is barred by the statute of limitations of the State of Georgia of March 16, 1869.

Powered by Justia US Supreme Court Center: TERRY V. TUBMAN, 92 U. S. 156 (1875)

Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.