Legal Opinion
Anderson v. Bundy
Supreme Court of Virginia
Decided September 21, 1933PublishedCited by 13 opinions
1Opinion of the CourtHolt, J.
In this suit an attempt is being made to hold directors liable for negligence in the administration of the affairs of their bank. There was a decree for the defendants. Plaintiffs have appealed.
In the village of Cleveland, the People’s Bank of Cleveland was established in 1907 and continued in operation *5until May 10, 1928, when it was forced to suspend and a receiver was appointed1. Its paid in capital was $10,000. Taking its record at its face value there was a surplus in 1922 of $5,000 with $531.93 to the credit of undivided profits. In 1923 the surplus was $6,000; undivided profits $40.31.…
2Cases cited20 opinions
- Briggs v. SpauldingSupreme Court of the United States · 1891
- Wallace v. Lincoln Savings BankTennessee Supreme Court · 1891
- Hun v. . CaryNew York Court of Appeals · 1880
- Winston v. GordonSupreme Court of Virginia · 1914
- General Rubber Co. v. . BenedictNew York Court of Appeals · 1915
15 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Schnelling v. Crawford (In Re James River Coal Co.)United States Bankruptcy Court, E.D. Virginia · 2007
- White v. Federal Deposit Ins. CorporationCourt of Appeals for the Fourth Circuit · 1941
- Marshall v. Fredericksburg Lumber Co.Supreme Court of Virginia · 1934
- Bank of America v. MusselmanDistrict Court, E.D. Virginia · 2002
- Terry v. Federal Insurance (In re R.J. Reynolds—Patrick County Memorial Hospital, Inc.)United States Bankruptcy Court, W.D. Virginia · 2003
8 more not listed; retrieve them via the Exa API.