Legal Opinion

Heiden v. Cremin

Court of Appeals for the Eighth Circuit

Decided July 20, 1933No. 9504PublishedCited by 16 opinions

1Opinion of the Court

STONE, Circuit Judge.

This is an action by the receiver of a closed national bank for the double stock liability. The defendant appears on the bank stock books as “Wm. J. S. Cremin, trustee.” The theory of the action is that he is personally liable. His defense is that he is not the owner of the stock but holds purely as a trustee for his four minor children and, therefore, is not personally liable. Section 66, title 12 USCA. The trial court found that he held only as trustee and was not personally liable. The receiver appeals.

Before reaching the merits, we are met by a motion of appellee to…

2Cases cited49 opinions

  1. Corliss v. BowersSupreme Court of the United States · 1930
  2. California Bank v. KennedySupreme Court of the United States · 1897
  3. Taylor v. Davis' AdministratrixSupreme Court of the United States · 1884
  4. Pauly v. State Loan & Trust Co.Supreme Court of the United States · 1897
  5. Scott v. DeweeseSupreme Court of the United States · 1901

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3Cited by16 opinions

  1. Laurent v. AndersonCourt of Appeals for the Sixth Circuit · 1934
  2. Elliott v. GordonCourt of Appeals for the Tenth Circuit · 1934
  3. Butler v. ButlerSupreme Court of Iowa · 1962
  4. In Re the Bible SpeaksUnited States Bankruptcy Court, D. Massachusetts · 1987
  5. Association for Retarded Citizens of ND v. OlsonDistrict Court, D. North Dakota · 1982

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