Legal Opinion

Garber v. Crews

Supreme Court of the United States

Decided February 26, 1945No. 518PublishedCited by 20 opinions

1Opinion of the CourtJustice Roberts

We are called upon to determine the application in the circumstances of this case of § 23 of the Act of Dec. 23, 1913, 1 which imposes liability upon stockholders of a closed national bank.

November 25, 1929, the American National Bank of Enid, Oklahoma, pursuant to a resolution of its directors, which recited that it contemplated “disposing of its current business and thereafter going into voluntary liquidation,” sold its business and transferred its assets to the First National Bank of the same city in consideration of the payment of $350,000 and the assumption of its liabilities as…

2Cases cited12 opinions

  1. Richmond v. IronsSupreme Court of the United States · 1887
  2. National Bank v. CaseSupreme Court of the United States · 1879
  3. Bowden v. JohnsonSupreme Court of the United States · 1883
  4. Whitney v. ButlerSupreme Court of the United States · 1886
  5. Stuart v. HaydenSupreme Court of the United States · 1898

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3Cited by20 opinions

  1. United States v. Georgia-Pacific CompanyCourt of Appeals for the Ninth Circuit · 1970
  2. Jicarilla Apache Tribe v. AndrusCourt of Appeals for the Tenth Circuit · 1982
  3. Ernest T. Stevens, George T. Stevens v. Robert E. Lowder, Thomas LowderCourt of Appeals for the Fifth Circuit · 1981
  4. Edward B. Marks Music Corporation v. Colorado Magnetics, Inc., D/B/A Sound Values, Inc.Court of Appeals for the Tenth Circuit · 1974
  5. Potash Co. of America v. International Minerals & Chemical Corp.Court of Appeals for the Tenth Circuit · 1954

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