Legal Opinion

Nettles v. Childs

Court of Appeals for the Fourth Circuit

Decided January 9, 1939No. 4407PublishedCited by 8 opinions

1Opinion of the Court

SOPER, Circuit Judge.

In Nettles v. Rhett, 4 Cir., 94 F.2d 42, we held that certain common and pre ferred stockholders of the Peoples Investment Corporation of South Carolina, a holding company, were subject to the statutory shareholder’s liability on the stock of the insolvent Peoples State Bank of South Carolina registered in the name of the holding company. The holding company itself was prohibited by South Carolina statute from acquiring or owning bank stock and was not subject to the liability ¿mder the South Carolina law; but the stockholders of the holding company were held liable as…

2Cases cited27 opinions

  1. Dodge v. WoolseySupreme Court of the United States · 1856
  2. Simmons Creek Coal Co. v. DoranSupreme Court of the United States · 1892
  3. Keyser v. HitzSupreme Court of the United States · 1890
  4. McCormick v. Market BankSupreme Court of the United States · 1897
  5. McDonald v. WilliamsSupreme Court of the United States · 1899

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3Cited by8 opinions

  1. Bombardier Corp. v. Penning (In Re Penning)United States Bankruptcy Court, E.D. Michigan · 1982
  2. Hardesty v. CorrothersDistrict Court, N.D. West Virginia · 1940
  3. Womack v. Horob Livestock Inc. (In Re Horob Livestock Inc.)United States Bankruptcy Court, D. Montana · 2007
  4. Nettles v. WalcottCourt of Appeals for the Second Circuit · 1939
  5. Chicago Bridge & Iron Company, a Corporation v. Hartford Fire Insurance Company, a CorporationCourt of Appeals for the D.C. Circuit · 1978

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