President, Directors & Co. v. Receivers of Bank
New Jersey Court of Chancery
This case came before the court upon an appeal taken by the-State Bank at New-Brunswick, from- a decision made by the receivers of die Bank of New-Brunswick, appointed under the act entitled “An act to prevent frauds by incorporated companies,” passed the sixteenth of February, eighteen hundred and twenty-nine, (Elmer’s Digest, 32.) The facts of the case, and the grounds of the appeal, are stated in the opinion of the chancellor.
1Opinion of the Court
The Chancellor.
The facts of the case are briefly these. On the first day of February, eighteen hundred and thirty-four, and before the Bank of New-Brunswick stopped pay men I, the State Bank had in possession nine hundred dollars in bills of the Bank of New-Brunswick, which had been regularly received in the course of business; and the further sum of four thousand two hundred and thirty-eight dollars, which had been remitted to the State Bank from the Trenton Banking Company for the purpose of collection, either one or two days before. These two sums, amounting in the whole to five thousand…
2Cases cited1 opinion
- Amory v. FrancisMassachusetts Supreme Judicial Court · 1820
3Cited by3 opinions
- Neptune City v. Seacoast Trust Co.New Jersey Court of Chancery · 1934
- Havens v. Mohme Aero Engineering Corp.New Jersey Court of Chancery · 1944
- Federal Trust Co. v. CohenNew Jersey Superior Court Appellate Division · 1934