Crown v. Brainerd
Supreme Court of Vermont
Action on the case against the directors of the St. Albans Trust Company. Heard by the court on demurrer to the declaration, September Term, 1884, Royce, Ch. J., presiding. Demurrer sustained pro forma; and declaration adjudged insufficient.
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Action on the case against the directors of the St. Albans Trust Company. Heard by the court on demurrer to the declaration, September Term, 1884, Royce, Ch. J., presiding. Demurrer sustained pro forma; and declaration adjudged insufficient. For the facts showing the condition of the St. Albans Trust Company, see William G. Green & Wife v. The St. Albans Trust Co., ante, 340: Deivey v. Same, ante, 332, and Same v. Same, 56 Yt. 476. The declaration averred, with other facts, that, under an act of the legislature, approved November 19, 1868, the subscribers to the capital stock, their…
1Opinion of the Court
The opinion of the court was delivered by
Veazey, J.
This case stands on demurrer to the declaration which was framed upon that part of section 7 of the charter of the St. Albans Trust Company, which reads as follows:
“ The said directors shall be liable to the creditors and stockholders of said corporations for any loss which may be sustained iu consequence of any incompetency, unfaithfulness, or remissness in the discharg'e of their official duties hereinbefore or hereinafter prescribed, and any number of such directors may be sued in the same action by any claimant under these provisions.”
It…
2Cases cited4 opinions
- Hornor v. HenningSupreme Court of the United States · 1876
- Stone v. ChisolmSupreme Court of the United States · 1885
- Bassett v. St. Albans Hotel Co.Supreme Court of Vermont · 1875
- Buell v. WarnerSupreme Court of Vermont · 1861
3Cited by6 opinions
- Cockrill v. CooperCourt of Appeals for the Eighth Circuit · 1898
- Barton National Bank v. AtkinsSupreme Court of Vermont · 1899
- Stephens v. OverstolzU.S. Circuit Court for the District of Eastern Missouri · 1890
- International Paper Co. v. Bellows Falls Canal Co.Supreme Court of Vermont · 1917
- Charles E. Brown & Co. v. WareSupreme Court of Vermont · 1913
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