Hawkins v. Glenn,
131 U.S. 319 (1889)

U.S. Supreme Court

Hawkins v. Glenn, 131 U.S. 319 (1889)

Hawkins v. Glenn

No. 266

Argued April 22-23, 1889

Decided May 13, 1889

131 U.S. 319

ERROR TO THE CIRCUIT COURT OF THE UNITED STATES

FOR THE EASTERN DISTRICT OF NORTH CAROLINA

Syllabus

In the absence of fraud, stockholders are bound by a decree against their corporation in respect to corporate matters, and such a decree is not open to collateral attack.

Statutes of limitation do not commence to run as against subscriptions to stock, payable as called for, until a call or its equivalent has been had, and subscribers cannot object, when an assessment to pay debts has been made, that the corporate duty in this regard had not been earlier discharged.