Pancoast v. Ruffin
Ohio Supreme Court
This was a bill in chancery, in which the complainant charged that on the 20th June, 1820, he gave his note to the Bank of Cincinnati, payable in sixty days, upon which note a suit was brought by the bank, and a judgment recovered. That this judgment was afterward assigned to the Bank of the United States. That execution was sued out upon it and placed in the hands of SheriffRuffin to be executed.
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This was a bill in chancery, in which the complainant charged that on the 20th June, 1820, he gave his note to the Bank of Cincinnati, payable in sixty days, upon which note a suit was brought by the bank, and a judgment recovered. That this judgment was afterward assigned to the Bank of the United States. That execution was sued out upon it and placed in the hands of SheriffRuffin to be executed. That complainant offered and tendered to said sheriff the amount of the debt and interest in the notes of the Bank of Cincinnati, which, at the request of the Bank of the United States, he refused…
1Opinion of the Court
By the Court :
This caso, and that of McDougal and others v. Holmes and Others, depend upon the same principle — the just construction of the “ act to regulate judicial proceedings where banks and bankers are parties,” etc.
*The first seven sections of the act are employed in making provisions to enable those who are creditors of banks or bankers *386to secure their claim. For this purpose such creditors are authorized to attach the debts due to the bank or banker in the hands of ■their debtors, and thus secure the credits of the institution for the liquidation of its debts.
The eighth section…
2Cited by9 opinions
- Weiss v. PorterfieldOhio Supreme Court · 1971
- Trumbull Twp. Bd. of Trustees v. RickardOhio Court of Appeals · 2017
- Blount v. . WindleySupreme Court of North Carolina · 1873
- In re Desert Village Ltd. PartnershipUnited States Bankruptcy Court, N.D. Ohio · 2005
- Mathews v. SylvesterOhio Circuit Courts · 1912
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