The Merchants’ Bank of New Haven, Appellants v. George Bliss and Others, Respondents

Summary

The Court held that actions arising under sections 12 and 13 of the 1848 General Act, which impose penalties on corporate trustees, are subject to the three‑year limitation period of the second subdivision of section 92 of the Code of Procedure. Because the plaintiffs filed their suit after that period had expired, the action was barred and the judgment for the defendants was affirmed.