Corsicana Nat. Bank v. Johnson
Court of Appeals for the Fifth Circuit
Appeal from the District Court of the United States for the Northern District of Texas; Edw. R. Meek, Judge. Bill by the Corsicana National Bank against Samuel Wistar Johnson. From a decree dismissing the bill, plaintiff appeals.
1Opinion of the Court
WALKER, Circuit Judge.
[ 1 ] The bill in this case charged the defendant, who had been an officer of the plaintiff bank, with liability for the loss sustained by the bank on a loan of its funds in an amount which exceeded one-tenth of the amount of the bank’s paid-in capital and surplus, the ground of the asserted liability of the defendant being his alleged participation in and responsibility for the violation of the statutory prohibition of such a loan. 5 Fed. Stat. Ann. 139, 34 Stat. 451. The suit was the assertion of the right of the bank to hold the defendant liable in his personal and…
2Cases cited4 opinions
- Southern Pacific Railroad v. United StatesSupreme Court of the United States · 1906
- Cockrill v. CooperCourt of Appeals for the Eighth Circuit · 1898
- Stephens v. OverstolzU.S. Circuit Court for the District of Eastern Missouri · 1890
- Smyth v. New Orleans Canal & Banking Co.Supreme Court of the United States · 1891
3Cited by6 opinions
- Pierce v. National Bank of CommerceCourt of Appeals for the Eighth Circuit · 1920
- Adams v. ClarkeCourt of Appeals for the Ninth Circuit · 1927
- Kelley v. United StatesCourt of Appeals for the Ninth Circuit · 1929
- United Towing Company, Greens Bayou Marine Service Company, John D. Jones and Holt P. Daniels v. H. A. Phillips, TrusteeCourt of Appeals for the Fifth Circuit · 1957
- A. G. Wineman & Sons v. ReevesCourt of Appeals for the Fifth Circuit · 1917
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