Legal Opinion

Christopher v. Norvell

Supreme Court of the United States

Decided April 2, 1906No. 211PublishedCited by 83 opinions

ERROR TO THE UNITED STATES CIRCUIT COURT OF APPEALS FOR THE FIFTH CIRCUIT. The facts, which involve the right of a receiver of a national bank in Florida to enforce the statutory liability under § 5151, Rev. Stat., against a' married woman, a resident of that State and -owner of record of shares of stock' of the bank, are stated in the opinion.

1Opinion of the CourtJustice Harlan

By the Revised Statutes of the United States it is provided that the shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares; that persons holding stock as executors, administrators, guardians or trustees, shall not be personally subject to any liabilities as stockholders, the estates and funds in their hands being liable in…

2Cases cited20 opinions

  1. M'culloch v. State of MarylandSupreme Court of the United States · 1819
  2. Farmers' & Mechanics' National Bank v. DearingSupreme Court of the United States · 1875
  3. Kennedy v. GibsonSupreme Court of the United States · 1869
  4. Davis v. Elmira Savings BankSupreme Court of the United States · 1896
  5. Casey v. GalliSupreme Court of the United States · 1877

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3Cited by83 opinions

  1. Anderson v. AbbottSupreme Court of the United States · 1944
  2. Bernheimer v. ConverseSupreme Court of the United States · 1907
  3. Brown v. O'KEEFESupreme Court of the United States · 1937
  4. Pufahl v. Estate of ParksSupreme Court of the United States · 1936
  5. Forrest v. JackSupreme Court of the United States · 1935

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