Finney v. Guy
Wisconsin Supreme Court
Appeal from an order of the circuit court for Pierce county: A. J. Vinje, Judge. Action to enforce the statutory liability of a stockholder of a bank to creditors under the laws of Minnesota.
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Appeal from an order of the circuit court for Pierce county: A. J. Vinje, Judge. Action to enforce the statutory liability of a stockholder of a bank to creditors under the laws of Minnesota. The complaint stated, in effect, as follows: The Farmers’ & Merchants’ State Bank, a banking corporation organized under the laws of and located in the state of Minnesota and there engaged in business from June 6, 1888, till June 20,. 1893, on the last-named date, pursuant to the laws of such state, made an assignment for the benefit of its creditors, which assignment was fully perfected, and such…
1Opinion of the Court
Mat?.sttat,t,, J.
As we view this case, the disposition of the question of whether the complaint states facts sufficient to constitute a cause of action against the defendant is decisive of the appeal. Some of the primary questions, upon which the ultimate question turns, are not free from difficulty.
The nature of the statutory liability of stockholders of a bank to its creditors under the laws of Minnesota is precisely the same as under the laws of this state, according to the adjudications of the highest judicial tribunal in each. Sec. 2501 of the Minnesota statutes says that each…
2Cases cited32 opinions
- Huntington v. AttrillSupreme Court of the United States · 1892
- Pollard v. BaileySupreme Court of the United States · 1874
- Fourth Nat. Bank of NY v. FrancklynSupreme Court of the United States · 1887
- Whitman v. Oxford National BankSupreme Court of the United States · 1900
- Willis v. MabonSupreme Court of Minnesota · 1892
27 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
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- Clausen v. HeadWisconsin Supreme Court · 1901
- Williams v. BrewsterWisconsin Supreme Court · 1903
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