Legal Opinion
State Ex Rel. Squire v. Frasier
Ohio Supreme Court
Decided February 16, 1938No. 26670PublishedCited by 4 opinions
1Opinion of the CourtZimmerman, J.
Under Sections 710-61 and 710-62, General Code, the control, government and management of the affairs and transactions of a banking corporation like The Union Trust Company rest primarily with its board of directors and the executive committee appointed by the board.
The pertinent part of the Code of Regulations of The Union Trust Company, effective from 1931 until the bank closed, and read into the evidence, provided:
“The board or executive committee shall appoint such officers as may from time to time be required for the proper conduct of the business of the company. * * * The duties and…
2Cases cited5 opinions
- Bank of Hooversville v. SagersonSupreme Court of Pennsylvania · 1925
- Kroeger, Supt. v. BrodyOhio Supreme Court · 1936
- Security Nat. Bank v. BohnefeldSupreme Court of Oklahoma · 1928
- Cozad State Bank v. McLaughlinNebraska Supreme Court · 1934
- Goodenough's Admx. v. Vermont-People's National BankSupreme Court of Vermont · 1933
3Cited by4 opinions
- Miller v. Wick Building Co.Ohio Supreme Court · 1950
- Home Savings Bank v. GertenbachWisconsin Supreme Court · 1955
- Federal Deposit Insurance Corp. v. FranksSupreme Court of Alabama · 1985
- Home Savings Bank v. GertenbachWisconsin Supreme Court · 1955