Tompson v. National Bank of Redemption
Massachusetts Supreme Judicial Court
Bill in equity against the National Bank of Redemption, the Bank of Mutual Redemption, William D. Forbes, Samuel B. Emery, William L. Emery, Moses W. Emery, Benjamin F. Emery, Benton Emery and Prescott Emery, The bill alleged that the plaintiff, the defendants Samuel B. Emery and William L. Emery, and Oliver Hill, were directors of the Sanford Bank, a corporation established in the state of Maine under the laws thereof; that in 1864 the Bank of Mutual Redemption, a…
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Bill in equity against the National Bank of Redemption, the Bank of Mutual Redemption, William D. Forbes, Samuel B. Emery, William L. Emery, Moses W. Emery, Benjamin F. Emery, Benton Emery and Prescott Emery, The bill alleged that the plaintiff, the defendants Samuel B. Emery and William L. Emery, and Oliver Hill, were directors of the Sanford Bank, a corporation established in the state of Maine under the laws thereof; that in 1864 the Bank of Mutual Redemption, a corporation established under the laws of this Commonwealth, brought a bill in equity in the supreme court of Maine against the…
1Opinion of the CourtWells, J.
The only ground of demurrer assigned is, that the plaintiff has an adequate remedy at law.
Upon the allegations of the bill, taken as true, a judgment has been rendered, in the state of Maine, against the plaintiff jointly with Samuel B. and William L. Emery, and Oliver Hill, not made party to this bill, upon their liability there, as directors of an insolvent bank, under the statutes of Maine. Whatever may have been their rights as to contribution among themselves originally, the three have, since the rendition of the judgment, made an adjustment, by which it was agreed that each should bear…
2Cited by4 opinions
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