Brouwer v. . Harbeck
New York Court of Appeals
On the 12th of November, 1847, the Pelican Mutual Insurance Company borrowed of 0. & Gr. Belden $2500, giving to the lenders the check of the company for the amount, and delivering to them, as collateral security therefor, three of their subscription notes to the amount, of $3500. On the 6th and 7th of December following, the company borrowed $2000 of the defendants in this action, as security for which they transferred to the defendants subscription notes to the amount of…
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On the 12th of November, 1847, the Pelican Mutual Insurance Company borrowed of 0. & Gr. Belden $2500, giving to the lenders the check of the company for the amount, and delivering to them, as collateral security therefor, three of their subscription notes to the amount, of $3500. On the 6th and 7th of December following, the company borrowed $2000 of the defendants in this action, as security for which they transferred to the defendants subscription notes to the amount of $4884.54. The company at the same time was indebted to the defendants in the sum of $3010, “ being the adjusted and…
1Opinion of the CourtAllen, J.
The Pelican Insurance Company, as a moneyed corporation, was subject to all the provisions of tit. 2, ch. 18, part 1 of. the Revised Statutes (1 R. S., 588), except those contained in §§ 19 to 25 of the first article, inclusive, from which it was in terms exempted, and the trustees were embraced in the term “ Directors,” used in that title. (1 R. S., 598, §§ 51, 53; Laws of 1842, 266, § 22 ; Laws of 1843, 65, § 4.) It was suggested that the provisions of the 9th section of the first article of' the'title referred to (1 R. S., 591) were inconsistent with' the 12th section of the…
2Cases cited1 opinion
- Ogden & Thomas v. JacksonNew York Supreme Court · 1806
3Cited by51 opinions
- Denike v. New York & Rosendale Lime & Cement Co.New York Court of Appeals · 1880
- Wolf v. McGuginWest Virginia Supreme Court · 1893
- Cincinnati Equipment Co. v. DegnanCourt of Appeals for the Sixth Circuit · 1910
- Brenton & McKay v. PeckCourt of Appeals of Texas · 1905
- Stone v. DodgeMichigan Supreme Court · 1893
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