Legal Opinion

Stewart v. National Union Bank of Maryland

U.S. Circuit Court for the District of Maryland

Decided October 15, 1869Published

Demurrer to a bill in equity.

1Opinion of the Court

GILES. District Judge.

The complainant in this case filed a general creditor's bill against the defendants, alleging, among other things, that he was and is a creditor of Bayne & Co. to a large amount; that Bayne & Co. are bankrupts; that the National Union Bank, the National Mechanics’ Bank, and the National Exchange Bank are national banks, organized under the act of eon-gress entitled “An act to provide a national currency.’’ approved June 3, 1S64; that sec'tion 29 of said act provides “that the total liabilities to any association of any person or of any company, corporation, or firm, for…

2Cases cited3 opinions

  1. President of the Bank of the United States v. OwensSupreme Court of the United States · 1829
  2. Seneca County Bank v. LambNew York Supreme Court · 1858
  3. State v. JohnstonGeneral Court of Virginia · 1786

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