substantive liability
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 300 U.S. 175 - Stockholders of Peoples Banking Co. v. Sterling · 1937Most cited · 73 citing opinions
The obligation laid upon the shareholders by the Maryland Constitution, though susceptible of legislative and judicial regulation in respect of the mode of its enforcement, was a substantive liability to which every stockholder subjected himself upon the acquisition of his stock. The Legislature did not exhaust the measure of that constitutional liability by the creation of a particular remedial device.
How often courts cite the case defining “substantive liability”
Court decisions citing the opinion that defined “substantive liability” — 73 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.