Sigel v. Security State Bank
Supreme Court of Minnesota
Action in the district court for Roseau county to recover $240 for conversion of two shares of stock of the defendant bank. Plaintiffs demurrer to paragraph 3 of the answer upon the ground that it did not state facts sufficient to constitute a defense was sustained, Watts, J. From the order sustaining the demurrer, defendant appealed.
1Opinion of the CourtBrown, C. J.
The Security State Bank of Warroad, defendant in the action, was duly organized under and pursuant to the general statutes of the state as a banking.corporation. One Joseph Gibbons was a stockholder of the bank and held and owned two shares of stock therein. Gibbons was indebted to the plaintiff in this action in the sum of about $500 and plaintiff brought an action in the district court to recover thereon. Such proceedings were thereafter had in the action, that on November 15,1915, judg-. ment was duly rendered for plaintiff and against Gibbons for the full amount of plaintiff’s claim with…
2Cases cited1 opinion
- Buffalo German Insurance v. Third National BankNew York Court of Appeals · 1900
3Cited by2 opinions
- Anderson v. Cook County State BankSupreme Court of Minnesota · 1923
- Rockwood v. Foshay Trust & Savings BankSupreme Court of Minnesota · 1935