Thompson v. Reno Savings Bank
Nevada Supreme Court
Appeal from the District Court of the Seventh Judicial District, Washoe County. The facts are sufficiently stated in the opinion. I. Plaintiff’s failure to make any effort to induce action by the bank corporation to collect the unpaid subscription is fatal to his right of recovery in this action. II.
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Appeal from the District Court of the Seventh Judicial District, Washoe County. The facts are sufficiently stated in the opinion. I. Plaintiff’s failure to make any effort to induce action by the bank corporation to collect the unpaid subscription is fatal to his right of recovery in this action. II. The liability of each stockholder is several, so that there is no joint interest in the trustees influencing them not to enforce collection, and no collusive combination for such purpose is pretended. {Bill v. Western Union T. Oo., 22 Blatchf. 191; Foote v. Cunrod M. Co., 5 McCrary, 251;…
1Opinion of the Court
By the Court,
Belknap, C. J.:
This is a suit in equity to recover the amount of unpaid subscriptions to the capital stock of the Reno Savings Bank. Two of the defendants are representatives , of deceased persons. They object to the proceedings because, of the admitted failure of respondent to comply.with .the requirements of the probate law in the matter of the presentation for allowance of the demands sued upon.
The law requires (section 611, Comp. Laws) “if a.claim be not presented within ten months after the first publication of notice; it .shall be. barred forever,” unless certain exceptions…
2Cases cited5 opinions
- Hatch v. DanaSupreme Court of the United States · 1880
- Ward v. Griswoldville Manufacturing Co.Supreme Court of Connecticut · 1844
- Gunter v. JanesCalifornia Supreme Court · 1858
- Dalton & Morganton Railroad v. McDanielSupreme Court of Georgia · 1876
- Smith v. LippincottNew York Supreme Court · 1867
3Cited by8 opinions
- In re Estate of BeardWyoming Supreme Court · 1897
- Neis v. FarquharsonWashington Supreme Court · 1894
- Bodine v. StinsonNevada Supreme Court · 1969
- Reed v. Sixth Judicial District CourtNevada Supreme Court · 1959
- Carnahan v. CampbellIndiana Supreme Court · 1902
3 more not listed; retrieve them via the Exa API.