Buell v. Warner
Supreme Court of Vermont
Case. The first count in the declaration was as follows : “In a plea of the case for that whereas heretofore, to wit i on the 4th day of November, A. D. 1834, and before the committing of the grievances by the defendants, hereinafter complained of, the General Assembly of the State of Vermont, by “an act entitled an act to incorporate the President, Directors and Company of the Farmers’ and Mechanics’ Bank,” passed November 4, 1834, constituted the subscribers to the capital…
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Case. The first count in the declaration was as follows : “In a plea of the case for that whereas heretofore, to wit i on the 4th day of November, A. D. 1834, and before the committing of the grievances by the defendants, hereinafter complained of, the General Assembly of the State of Vermont, by “an act entitled an act to incorporate the President, Directors and Company of the Farmers’ and Mechanics’ Bank,” passed November 4, 1834, constituted the subscribers to the capital stock of the bank by said act established, their successors and assigns, a corporation and body politic, by the name of…
1Opinion of the CourtBarrett, J.
This is an action on the case to recover damage alleged to have' been sustained by the plaintiff, as a stockholder in the Farmers & Mechanics’ Bank, through the violation of duty by the defendants, as directors of said bank. It rests upon the provisions of sec. 74, as amended in 1851, and sec. 56 chap. 84 of the Compiled Statutes. Sec 56 provides “ that the directors shall be liable to pay the creditors and stockholders of such bank all losses which may be sustained in consequence of any violation by them of the provisions of the banking laws of the State, or other unfaithfulness in the…
2Cited by5 opinions
- Winchester v. HowardCalifornia Supreme Court · 1902
- Willey v. CarpenterSupreme Court of Vermont · 1891
- Crown v. BrainerdSupreme Court of Vermont · 1885
- Carpenter v. McClureSupreme Court of Vermont · 1868
- Zinn v. BaxterOhio Supreme Court · 1901