Piper v. Jacobson
Illinois Supreme Court
Appeal from the Appellate Court for the First District;— heard in that court on appeal from the Superior Court of Cook county; the Hon. S. M. Moore, Judge, presiding. This was a suit in chancery, instituted in the Superior Court of Cook county for the purpose of enforcing the liability of the stockholders in the “ Bank of Chicago,” for the debts of the bank, and to subject the assets of the bank to the claims of creditors.
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Appeal from the Appellate Court for the First District;— heard in that court on appeal from the Superior Court of Cook county; the Hon. S. M. Moore, Judge, presiding. This was a suit in chancery, instituted in the Superior Court of Cook county for the purpose of enforcing the liability of the stockholders in the “ Bank of Chicago,” for the debts of the bank, and to subject the assets of the bank to the claims of creditors. Certain of the creditors, Avho Avere parties to the suit, appealed from the decree of the trial court to the Appellate Court for the First District, where the decree was…
1Opinion of the CourtJustice Walker
The record in this case discloses the fact that Cunningham filed a bill, and subsequently, an amended bill, against the bank and all of the stockholders and a portion of its creditors, as a judgment creditor. He alleges that he had recovered a judgment against the bank, had sued out an execution thereon Avhich had been returned no property found, and it Avas unsatisfied; that the bank had suspended business and Avas insolvent; that there were numerous creditors of the bank; that the bank officers and the stockholders attempted by collusion to defraud creditors, and escape liability by…
2Cases cited1 opinion
- McGuirk v. BurryIllinois Supreme Court · 1879
3Cited by5 opinions
- Spangler v. GreenSupreme Court of Colorado · 1895
- Partridge v. StevensIllinois Supreme Court · 1900
- McDole v. ShepardsonIllinois Supreme Court · 1895
- Moore v. RichardsonIllinois Supreme Court · 1902
- Pick v. Mutual Life InsuranceIllinois Supreme Court · 1901