Barth v. Pock
Montana Supreme Court
Appeal from District Court, Silver Bow County; John B. Mc-Clernan, Judge. Action by William Bartb and another against Hnie Pock and others. From a judgment for plaintiffs, defendants Largey and others appeal. Liability on Donated Stock.
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Appeal from District Court, Silver Bow County; John B. Mc-Clernan, Judge. Action by William Bartb and another against Hnie Pock and others. From a judgment for plaintiffs, defendants Largey and others appeal. Liability on Donated Stock. In view of section 3910, Revised Codes, and of the fact that there is no such provision as therein contained in the chapters relating to savings banks and trust deposit and security associations, it is fair to presume that the law-making power did not intend to place any restriction upon saving banks and trust deposit and security associations with reference…
1Opinion of the CourtJustice Holloway
The State Savings Bank of Butte was organized in 1890, with a capital stock of $100,000, which was increased in 1904 to $300,000. After the enactment of the Codes in 1895, it elected to continue its existence under the statutes then in force. In 1912 many of the stockholders, including these appellants, each donated to the bank one-third of all shares of stock in the bank then owned by him for the purpose of building up the surplus and providing a fund out of which to pay losses incurred by the bank. Less than one-fourth of the donated shares were resold, *425and at the date of its suspension the…
2Cases cited25 opinions
- Whitman v. Oxford National BankSupreme Court of the United States · 1900
- First Nat. Bank of Charlotte v. National Exchange Bank of BaltimoreSupreme Court of the United States · 1876
- Bowden v. JohnsonSupreme Court of the United States · 1883
- Maryland Trust Co. v. National Mechanics BankCourt of Appeals of Maryland · 1906
- The City Bank of Columbus v. . Bruce and FoxNew York Court of Appeals · 1858
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3Cited by46 opinions
- Chovanak v. MatthewsMontana Supreme Court · 1948
- Duke v. ForceWashington Supreme Court · 1922
- Rainey v. MichelCalifornia Supreme Court · 1936
- State Ex Rel. Brooks v. CookMontana Supreme Court · 1929
- Austin, Commissioner v. StrongTexas Supreme Court · 1928
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