Welles v. Larrabee
U.S. Circuit Court for the District of Northern Iowa
At Law. On demurrer to the answer. Action by E. P. Welles, receiver of the Commercial National Bank of Dubuque, against Frank Larrabee and the First National Bank of Mc-Gregor, to recover an assessment on shares of stock of the insolvent bank. Plaintiff demurs to the answer. .
1Opinion of the Court
Sm ras j J.
From the averments in the petition contained it appears that the Commercial National Bank was a corporation organized under the act of congress, doing business at Dubuque, Iowa; that on the 20th day of March, 1888, being insolvent, it ceased to do business, and the present plaintiff was duly appointed receiver thereof by the comptroller of the currency; that the liabilities were found to exceed the assets of the bank, and on the 25th day of July, 1888, the comptroller made an assessment upon the shares of the capital stock of said bank of 100 per cent, upon the par value thereof,…
2Cases cited10 opinions
- Shaw v. SpencerMassachusetts Supreme Judicial Court · 1868
- The Mechanics Bank of Alexandria v. LOUISA & MARIA SETONSupreme Court of the United States · 1828
- Pullman v. UptonSupreme Court of the United States · 1878
- Duncan v. JaudonSupreme Court of the United States · 1873
- In the Matter of the Reciprocity BankNew York Court of Appeals · 1860
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3Cited by15 opinions
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- Houghton v. HubbellCourt of Appeals for the First Circuit · 1899
- Andrews v. National Foundry & Pipe Works, Ltd.Court of Appeals for the Seventh Circuit · 1896
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