State v. Merchants National Bank
Supreme Court of Minnesota
Controversy submitted to tbe district court for Ramsey county under section 7920, G-. S. 1913, to recover tbe amount of certain voucber warrants issued by the state auditor, The case was tried on an agreed ease by Dickson, J., who found that both tbe Merchants National Bank and tbe National Exchange Bank were liable to tbe state for tbe amount of tbe stolen drafts upon which the thief forged the indorsement of their respective payees; that if the Merchants National Bank…
Read the full summary
Controversy submitted to tbe district court for Ramsey county under section 7920, G-. S. 1913, to recover tbe amount of certain voucber warrants issued by the state auditor, The case was tried on an agreed ease by Dickson, J., who found that both tbe Merchants National Bank and tbe National Exchange Bank were liable to tbe state for tbe amount of tbe stolen drafts upon which the thief forged the indorsement of their respective payees; that if the Merchants National Bank should pay to the state the amount of the drafts, it would be subrogated to the rights of the state and entitled to recover…
1Opinion of the CourtHallam, J.
Defendant Merchants Bank was an active depository of state funds, that is, one in which a general checking account was carried. Defendant Exchange Bank was an inactive depository, that is, one in which state funds were deposited without intention of withdrawal by check.
On August 1, 1917, the state treasurer issued and mailed to all active depositories, including the Merchants Bank, a circular letter as follows:
“Beginning today the state will use the warrant voucher system for making disbursements. The voucher warrant will be issued by the state auditor, and when accepted by the state…
2Cases cited8 opinions
- Farmers National Bank v. Farmers & Traders BankCourt of Appeals of Kentucky · 1914
- Board of County Commissioners v. DickeySupreme Court of Minnesota · 1902
- Hortsman v. HenshawSupreme Court of the United States · 1851
- Board of County Commissioners v. NelsonSupreme Court of Minnesota · 1892
- Wellington National Bank v. RobbinsSupreme Court of Kansas · 1905
3 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- The Alexander Co. v. City of OwatonnaSupreme Court of Minnesota · 1946
- Home Indemnity Co. v. State BankSupreme Court of Iowa · 1943
- Merchants Nat. Bk. v. Continental Nat. Bk.California Court of Appeal · 1929
- Railroad Building, Loan & Savings Ass'n v. Bankers Mortgage Co.Supreme Court of Kansas · 1935
- Martin v. Common School District No. 3Supreme Court of Minnesota · 1925
7 more not listed; retrieve them via the Exa API.