Taylor v. Thomas
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendants, Cassias B. Thomas and others, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of Saratoga on the 1st day of August, 1907, upon the decision of the court, rendered after a trial at the Saratoga Trial Term, a jury, having been waived.
1Opinion of the Court
Cochrane, J.:
The-defendants are directors of the - Citizens’ National Bank organized under the National Bank Law and doing business in the village of Saratoga Springs, N. Y. Prior to March 1, 1904, the Comptroller of the Currency informed the directors of the bank by letter that certain specified assets, amounting to $194,107.02, must be regarded as doubtful, and that immediate steps should be taken for their collection or removal from the bank. Of such letter the defendants had knowledge. On April 8, 1904, pursuant to a call of the Comptroller, a report of the condition of the bank at the…
2Cases cited4 opinions
- Davis v. Elmira Savings BankSupreme Court of the United States · 1896
- Easton v. IowaSupreme Court of the United States · 1903
- Yates v. Jones National BankSupreme Court of the United States · 1907
- Taylor v. ThomasNew York Supreme Court · 1907
3Cited by2 opinions
- Thomas v. TaylorSupreme Court of the United States · 1912
- Goodrich v. Ross-Ketchum Co.Appellate Division of the Supreme Court of the State of New York · 1948