Pittsburg Steel Co. v. Baltimore Equitable Soc'y,
Annotate this Case
226 U.S. 455 (1913)
- Syllabus |
U.S. Supreme Court
Pittsburg Steel Co. v. Baltimore Equitable Soc'y, 226 U.S. 455 (1913)
Pittsburg Steel Company v. Baltimore Equitable Society
Argued December 18, 19, 1912
Decided January 6, 1913
226 U.S. 455
A state statute changing a remedy for enforcing contract rights does not impair the contract if it gives a more efficacious remedy than existed before or does not impair it so materially as to affect the creditor's rights.
Where, as in this case, this Court cannot say that the state court wrong in holding the new remedy under a state statute to be more efficacious than the former remedy for enforcing claim of creditors
of a corporation against the stockholders, it will not declare the statute unconstitutional. And so held as to Chap. 305, Laws of Maryland of 1908.
One not hurt by a provision of an act cannot raise the question of its constitutionality on that ground.
113 Md. 77 affirmed.
The facts, which involve the constitutionality of a statute of Maryland providing remedy for enforcing the liability of stockholders of corporations, are stated in the opinion.