Watkins v. National Bank
Supreme Court of Kansas
Error from, Douglas District Court. Proceedings by Watkins against The National Bank of Lawrence and others, to appoint a receiver and close up its-affairs. At the February term, 1890, the district court refused to appoint a receiver, and plaintiff comes to this court. The opinion states the facts.
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Error from, Douglas District Court. Proceedings by Watkins against The National Bank of Lawrence and others, to appoint a receiver and close up its-affairs. At the February term, 1890, the district court refused to appoint a receiver, and plaintiff comes to this court. The opinion states the facts. We contend that these five defendants [Bowersock,"Vaughan, Sparr, Brown, and Hadley] have not now and never have had, since the 11th day of April, 1889, any lawful right or authority, as directors of the defendant bank or otherwise, to interfere with its property or to manage its business, and were…
1Opinion of the Court
The opinion of the court was delivered by
Johnston, J.:
This proceeding brings up for review a ruling of the district court of Douglas county refusing to appoint a receiver for the National Bank of Lawrence, which was in process of voluntary liquidation. The appointment of a receiver to wind up the business of the corporation seems to have been the sole purpose of the action. It was brought by J. B. Watkins, a stockholder of the bank, on November 15, 1889, against the board of directors, who were duly elected in May, 1889, and who had been in control of the bank since that time. In his…
2Cases cited1 opinion
- First National Bank of Centralia v. MarshallAppellate Court of Illinois · 1888
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