Nelson v. Munch
Supreme Court of Minnesota
The defendant Emil Munch was treasurer of the state of Minnesota from January 1, 1870, to January 1, 1872, and among his official bondsmen were the othér defendants and Charles Scheffer.
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The defendant Emil Munch was treasurer of the state of Minnesota from January 1, 1870, to January 1, 1872, and among his official bondsmen were the othér defendants and Charles Scheffer. During his term of office Munch became indebted to the state in the sum of $164,709.55. To make this amount good, Munch and the other defendants made and delivered their joint promissory notes for th& whole amount to his successor in office, by whom these notes were transferred to Charles Scheffer, who paid therefor their full value. Emil Munch and Gustav Munch, another of the defendants, to secure' Scheffer…
1Opinion of the CourtMitchell, J.
This action was brought upon fifteen promissory notes, executed jointly by defendants. The real matters in litigation in the action are to be found in the answers, which are in the nature of bills in equity, alleging that the defendants Emil Munch and Gustav Munch conveyed and transferred to Scheffer large amounts of real and personal property, in trust, to apply the proceeds in payment of these and other notes of the same tenor, executed at the same time; that this property largely exceeded in value the amount of the indebtedness secured; that Scheffer has realized out of this property, in…
2Cases cited2 opinions
- Ricketson v. RichardsonCalifornia Supreme Court · 1864
- Montgomery County Bank v. . Albany City BankNew York Court of Appeals · 1852
3Cited by11 opinions
- Bankers Surety Co. v. LinderSupreme Court of Iowa · 1912
- Grueber v. LindenmeierSupreme Court of Minnesota · 1889
- Brown v. First Nat. Bank of NewtonCourt of Appeals for the Seventh Circuit · 1902
- Central State Bank v. FordSupreme Court of Iowa · 1917
- Redlon v. HeathSupreme Court of Kansas · 1898
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