Flynn v. Third National Bank
Michigan Supreme Court
Appeal from Wayne; Lillibridge, J. Bill by James W. Flynn against the Third National Bank of Detroit, Joseph L. Hudson, individually and as receiver of said bank, and others, directors therein, for an accounting. From an order overruling a demurrer to the bill, defendants appeal.
1Opinion of the CourtHooker, J.
The Third National Bank of Detroit went into the hands of a receiver, appointed, as is usual in such cases, by the comptroller of the currency, about February 1, 1894. Joseph L. Hudson, a shareholder and director, was named receiver. The bank is said to have been hopelessly insolvent, and the shareholders have since been assessed to an amount equal to 84 per cent, of its capital stock. The complainant in this suit was one of the shareholders, and his bill is filed, on behalf of himself and other shareholders, against the receiver and others, who at various times held the office of director…
2Cases cited10 opinions
- Hawes v. OaklandSupreme Court of the United States · 1882
- Sage v. . CulverNew York Court of Appeals · 1895
- Brinckerhoff v. . BostwickNew York Court of Appeals · 1885
- Leslie v. . LorillardNew York Court of Appeals · 1888
- O'Brien v. . FitzgeraldNew York Court of Appeals · 1894
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3Cited by8 opinions
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- Robinson v. De Luxe Motor Car Co. of New JerseyMichigan Supreme Court · 1912
- Curtiss v. WilmarthMichigan Supreme Court · 1931
- Weslosky v. QuartermanSupreme Court of Georgia · 1905
- Pollitz v. Michigan Railroad CommissionMichigan Supreme Court · 1919
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