Davidson v. Witthaus

106 A.D. 182, 94 N.Y.S. 428
CourtAppellate Division of the Supreme Court of the State of New York
DecidedJuly 1, 1905
StatusPublished
Cited by7 cases

This text of 106 A.D. 182 (Davidson v. Witthaus) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Davidson v. Witthaus, 106 A.D. 182, 94 N.Y.S. 428 (N.Y. Ct. App. 1905).

Opinion

Jenks, J.:

The question is whether the action, which was commenced July 25, 1902, was barred by a statute of limitation pleaded. The plaintiff became a judgtnent creditor of a domestic corporation in November, 1900, by recovery upon a corporation note which matured in 1899. In July, 1902, she both notified the defendants, who were directors, that she would hold them under the statute for failure to make and file an annual report in January, 1901, and began this action. It was stipulated at trial that the directors filed an annual report in 1900, but none thereafter.

If, as contended, the limitation of three years for the beginning of such an action, prescribed by section 34 of the Stock Corporation Law (Laws of 1892, chap. 688, added by Laws of 1899, chap. 354) was shortened to six months by chapter 354 of the Laws of 1901, the action is barred. For the said statute of 1901 became a law on April 16, 1901, and the period of six months expired by the terms ■of the statute six months from that day. Section 30 of the Stock Corporation Law (as amd. by Laws of 1897, chap. 384) prescribed an annual report, signed by a majority of the directors, and imposed the liability. Section 34 of said statute enacted a statute of limitation of three years upon such liability. In Staten Island M. R. R. Co. v. Hinchliffe (170 N. Y. 473) the court, per Werner, J., referring to this Stock Corporation Law and to these sections, say : “ Section 30 creates the liability for a failure to file the report. While section 34 does not in terms refer to foreign corporations, and simply uses the words 'director or officer of any stock corporation,’ it nevertheless regulates the enforcement of the liability created hy section 30, and the two sections should he read together.” (The italics are mine.) Chapter 354 of the Laws of 1901 provides : “ Section 1. The several [184]*184parts and .sections of chapter thirty-six of the General Laws, known as the Stock. Corporation Law, corresponding to those hereinafter specified, are amended so as to read as follows : ” Among these sections is the said section 30, which is silent as to any duty of the directors in making or filing the annual report, and in terms casts that duty, hitherto devolved upon them, upon other officers. People v. Wilmerding (136 N. Y. 363, 368) is authority for the statement that such legislation did not repeal the original statute, but that from the time of the passage of the amendatory act “ such act is the only enactment on the subject as to future transactions, and the former statute is merged and lost in, and has no vitality distinct ■ from the amendatory act.” In Bank of Metropolis v. Faber (150 N. Y. 200, 206) the court, per O’Brien, J., say: “In the Prime case

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Cite This Page — Counsel Stack

Bluebook (online)
106 A.D. 182, 94 N.Y.S. 428, Counsel Stack Legal Research, https://law.counselstack.com/opinion/davidson-v-witthaus-nyappdiv-1905.