Gallup v. Chelsea State Bank
South Dakota Supreme Court
Appeal from Circuit Court, Faulk County. Hon. JosEpi-i H. Bottum, Judge. Action 'by G. A. Gallup against the Chelsea State Bank, to recover -the value of bank stock. From a judgment for plaintiff, defendant appeals. (2) Under point two of the opinion, Appellant cited: Am. & Eng. Ency. of Raw, Vol. 11, pp. 421-423.
1Opinion of the CourtSmith, J.
The German-American State Bank and the Chelsea State Bank were banking corporations, each with a capital stock of $5,000, doing business at the village of Chelsea. In September, 1909, the German-American State Bank sold, transferred, and delivered to the -Chelsea State Bank its entire property and business with the view and- understanding of effecting a consolidation of the two banks. By a written contract entered into between the two banks, the 'Chelsea State Bank assumed all the obligations of the other bank, described in a schedule of liabilities appended to the contract. The contract…
2Cases cited2 opinions
- Gabriel v. TonnerCalifornia Supreme Court · 1902
- Baker v. WarnerSouth Dakota Supreme Court · 1902
3Cited by1 opinion
- Gallup v. Chelsea State BankSouth Dakota Supreme Court · 1920