Dewey v. St. Albans Trust Co.
Supreme Court of Vermont
[IN CHANCERY.] IN CiiaNCbry. Petition of certain depositors of the St. Al-bans Trust Company, to obtain an order of preference. Hoard on the pleadings and the report of a special master, September Term, 1886, Franklin County. Royce, Chancellor. Decree that the petition be dismissed. Affirmed.
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[IN CHANCERY.] IN CiiaNCbry. Petition of certain depositors of the St. Al-bans Trust Company, to obtain an order of preference. Hoard on the pleadings and the report of a special master, September Term, 1886, Franklin County. Royce, Chancellor. Decree that the petition be dismissed. Affirmed. The master found “that the present financial condition of the trust company is that of hopeless insolvencythat its embarrassment “ is not temporary but permanent,-” that none of the stockholders or officers ‘ ‘ intend to repair the impairment of the capital stock or to resume the business of the…
1Opinion of the Court
*8The opinion of the court was delivered by
Rowell, J.
Although the history of this case prior to the bringing of this petition fully appears in the report of it in 56 Vt. 476, yet it will be matter of convenience to restate it here as far as necessary to bring out the point now decided.
On August 17, 1883, the inspector of finance proceeded in chancery against the defendant company as an insolvent corporation, and obtained an injunction, restraining it from transacting any further business as a trust company, and from all custody of or interference with its books and property, except to keep and…
2Cases cited6 opinions
- Hocker v. GentryCourt of Appeals of Kentucky · 1861
- Van Vechten v. TerryNew York Court of Chancery · 1816
- Armstrong v. ColbySupreme Court of Vermont · 1875
- Pope v. Burlington Savings BankSupreme Court of Vermont · 1883
- Dewey v. St. Albans Trust Co.Supreme Court of Vermont · 1884
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3Cited by17 opinions
- City of El Reno v. Cleveland-Trinidad Paving Co.Supreme Court of Oklahoma · 1910
- State ex rel. Western Construction Co. v. Board of CommissionersIndiana Supreme Court · 1906
- West v. Radio-Keith-Orpheum CorporationCourt of Appeals for the Second Circuit · 1934
- Congdon v. CongdonSupreme Court of Minnesota · 1924
- Howard-Sevier Road Improvement District No. 1 v. HuntSupreme Court of Arkansas · 1924
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