Legal Opinion
Holmberg v. Armbrecht
Supreme Court of the United States
Decided February 25, 1946No. 505PublishedCited by 1,478 opinions
1Opinion of the CourtJustice Frankfurter
This is a suit in equity by petitioners on behalf of themselves and all other creditors of the Southern Minnesota Joint Stock Land Bank of Minneapolis to enforce the liability imposed upon shareholders of the Bank by § 16 of the Federal Farm Loan Act, equal' to one hundred percent of their holdings. 39 Stat. 360,374,12 U. S. C. § 812.1 The Bank closed its doors in May, 1932. Its debts exceeded its assets by more than $3,000,000, the amount of its outstanding stock. Suit was accordingly brought in the United States District Court for the District of Minnesota for determining and collecting the…
2Cases cited21 opinions
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3Cited by1,478 opinions
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