Knickerbocker Trust Co. v. Myers
U.S. Circuit Court for the District of Middle Pennsylvania
At Law. Rule for judgment non obstante veredicto on reserved points. Action at law to enforce the liability of a stockholder of a corporation imposed by statute in favor of creditors.
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At Law. Rule for judgment non obstante veredicto on reserved points. Action at law to enforce the liability of a stockholder of a corporation imposed by statute in favor of creditors. Verdict was taken for plaintiff for $4,000, subject to the following points of law which were reserved: (1) Whether there was any evidence on which the plaintiff is entitled to recover, with leave to enter judgment in favor of the defendant notwithstanding the verdict if the court should he of the opinion that, upon the law, it should he so entered. (2) But if the court should he of opinion that the plaintiff…
1Opinion of the Court
ARCHBALD, District Judge.
It is not disputed that at the time the _ City Trust & Banking Company of Baltimore, Md., became indebted to the plaintiff, on April 20, 1903, as well as in June following, wdien it became insolvent and passed into the hands of a receiver, the defendant, J. Wesley Myers, was a stockholder in the company, owning 100 shares, at least, of the par value of $1,000. He was credited on the books with double that number, which was the extent of his original holdings, acquired in March, 1900, but he had sold one-half of what he had in May of that year to one Jacob Slagle,…
2Cases cited30 opinions
- Huntington v. AttrillSupreme Court of the United States · 1892
- Green v. BiddleSupreme Court of the United States · 1823
- Richmond v. IronsSupreme Court of the United States · 1887
- Barnitz v. BeverlySupreme Court of the United States · 1896
- Louisiana v. New OrleansSupreme Court of the United States · 1880
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3Cited by11 opinions
- Coombes v. GetzSupreme Court of the United States · 1932
- Seese v. Bethlehem Steel Co.District Court, D. Maryland · 1947
- Broderick v. AdamsonNew York Supreme Court · 1933
- International Mortgage Trust Co. v. HenrySupreme Court of Kansas · 1934
- Sadler v. W. S. Dickey Clay Mfg. Co.District Court, W.D. Missouri · 1947
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