Hale v. Walker
Supreme Court of Iowa
Appeal from Van Bv/rm District Oov/rt. . On the 28th day of December, 1868, the plaintiff filed in the Wan Burén district court a petition, alleging that plaintiff has been duly appointed receiver of the First National Bank of Keokuk, organized under the currency act of congress, approved Feb. 25,1863, which bank closed its doors February 21, 1868, and refused to pay its circulating notes and other liabilities; that its liabilities were $242,000; that all of its available…
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Appeal from Van Bv/rm District Oov/rt. . On the 28th day of December, 1868, the plaintiff filed in the Wan Burén district court a petition, alleging that plaintiff has been duly appointed receiver of the First National Bank of Keokuk, organized under the currency act of congress, approved Feb. 25,1863, which bank closed its doors February 21, 1868, and refused to pay its circulating notes and other liabilities; that its liabilities were $242,000; that all of its available assets would not pay over fifty per cent of its liabilities. That by the said act of congress, under which said bank was…
1Opinion of the Court
Day, Oh. J.
i. national ity of share-'1" holders. — In section 12 of the act to provide a national currency, “it is enacted that the capital stock of any association formed under the act shall be deemed personal property, and transferable on boofcg 0f the association in such manner as may be prescribed in the by-laws or articles of the association; and that every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such 'shares; and that the shareholders of each association formed under the…
2Cases cited1 opinion
- United States Tr. Co. of New York v. . U.S. Fire Ins. Co.New York Court of Appeals · 1858
3Cited by21 opinions
- National Bank v. CaseSupreme Court of the United States · 1879
- Pauly v. State Loan & Trust Co.Supreme Court of the United States · 1897
- In re the Election of Directors of the Argus Printing Co.North Dakota Supreme Court · 1891
- Adams v. ClarkSupreme Court of Colorado · 1906
- Hirsch v. NortonIndiana Supreme Court · 1888
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