Dunn v. State Bank
Supreme Court of Minnesota
Appeal by defendants, the State Bank of Minneapolis and William J. Hahn as its assignee, from an order of the District Court of Hennepin County, Henry G. Hicks, J., made April 14-, 1894, overruling the separate demurrers of each to the complaint of plaintiff, Charles H. Dunn. The State Bank of Minneapolis ivas organized as a corporation prior to January 1, 1880, under the state banking laws, 1878 G. S. ch. 33, and amendments. Kristian Kortgaard was its principal stockholder.
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Appeal by defendants, the State Bank of Minneapolis and William J. Hahn as its assignee, from an order of the District Court of Hennepin County, Henry G. Hicks, J., made April 14-, 1894, overruling the separate demurrers of each to the complaint of plaintiff, Charles H. Dunn. The State Bank of Minneapolis ivas organized as a corporation prior to January 1, 1880, under the state banking laws, 1878 G. S. ch. 33, and amendments. Kristian Kortgaard was its principal stockholder. He was its president, a director and its general manager. The bank suspended payment June 22, 1893, and five days…
1Opinion of the CourtCanty, J.
This action comes up on appeal from an order overruling a demurrer to the complaint. The complaint states that the State Bank of Minneapolis is a corporation organized under the banking laws of this state; that one Kortgaard was its managing' officer, and during the time from 18S9 until the assignment of the bank in 1893, by fraudulent means, and through irresponsible corporations organized by him for that purpose, he borrowed more than $300,000 of the funds of the bank, to secure which he gave it worthless security; that during the time he was thus embezzling the funds of the bank, and as a…
2Cases cited1 opinion
- Olson v. CookSupreme Court of Minnesota · 1894
3Cited by18 opinions
- Bartlett v. StephensSupreme Court of Minnesota · 1917
- Lex v. Selway Steel CorporationSupreme Court of Iowa · 1925
- Olson v. State BankSupreme Court of Minnesota · 1897
- Atwater v. StrombergSupreme Court of Minnesota · 1899
- Henderson v. CrosbySupreme Court of Minnesota · 1923
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