Earle v. Coyle
U.S. Circuit Court for the District of Eastern Pennsylvania
Action by the receiver of an insolvent national bank to recover an assessment made against defendant as a stockholder. The facts agreed upon by the parties appear in the following case stated: ‘‘The. Chestnut Street National Bank was duly incorporated and organized in the year 1887 as a national bank under the laws of the United States, and was located in Philadelphia.
Read the full summary
Action by the receiver of an insolvent national bank to recover an assessment made against defendant as a stockholder. The facts agreed upon by the parties appear in the following case stated: ‘‘The. Chestnut Street National Bank was duly incorporated and organized in the year 1887 as a national bank under the laws of the United States, and was located in Philadelphia. Prior to the 13th clay of February, 1894, tlio decedent, I). Lynn Coyle, was the owner of five (5) shares of stock in the said bank. His name was entered in the books of the bank as the owner of said five (5) shares, and he…
1Opinion of the CourtMcPHERSON, District Judge
(after stating the facts). Upon these facts, I am of opinion that judgment must be entered in favor of the defendant. The decision of the supreme court, in Whitney v. Butler, 118 U. S. 655, 7 Sup. Ct. 61, seems to be controlling. In that case a stockholder sold his shares at auction, and the auctioneer delivered to the purchaser the certificate therefor, with a liower of attorney to transfer, duly executed in blank. The purchaser paid the auctioneer for the shares, and the auctioneer delivered the money to the stockholder. No formal transfer of the shares *102was made upon the'books of the bank.…
2Cases cited1 opinion
- Whitney v. ButlerSupreme Court of the United States · 1886
3Cited by3 opinions
- Hunt v. SeegerSupreme Court of Minnesota · 1904
- Cunningham v. WrennDistrict Court, D. Massachusetts · 1935
- Earle v. CoyleCourt of Appeals for the Third Circuit · 1899