Bowden v. Santos
U.S. Circuit Court for the District of Eastern Virginia
In equity. These two cases are so nearly alike that it is only necessary to consider one of them, which will be the one first named. This was a bill in chancery filed by the plaintiff [George L. Bowden], as receiver of the First National Bank of Norfolk, to enforce the personal liability of the defendant, [C. A.] Santos, as the owner of thirty-nine shares of the capital stock of the said bank.
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In equity. These two cases are so nearly alike that it is only necessary to consider one of them, which will be the one first named. This was a bill in chancery filed by the plaintiff [George L. Bowden], as receiver of the First National Bank of Norfolk, to enforce the personal liability of the defendant, [C. A.] Santos, as the owner of thirty-nine shares of the capital stock of the said bank. On the 26th day of May, 1874, the bank suspended, and on the 3d day of June of that year the plaintiff was appointed its receiver by the comptroller of the currency, in pursuance of the provisions of…
1Opinion of the Court
HUGHES, District Judge.
The bill in this case is filed to set aside certain transfers of the shares of the capital stock of the First National Bank of Norfolk (of which the plaintiff is receiver) /nade by the defendant, Santos, to the defendants, Lamb and Williams, a few days before the suspension of the bank, in May, 1S74. It also prays that Santos may be decreed to pay to the plaintiff the par value of the shares thus transferred.
As to the facts, the bank suspended on the 26th day of May, 1874, and is utterly insolvent. The defendants, Santos and Lamb, at the time of its suspension were…
2Cases cited2 opinions
- Nathan v. WhitlockNew York Court of Chancery · 1841
- Reed v. Bank of NewburghNew York Court of Chancery · 1837