Thebus v. Smiley
Illinois Supreme Court
Appeal from the Appellate Court for the Fourth District;— heard in that court on appeal from the Circuit Court of St. Clair county; the Hon. George W. Wall, Judge, presiding.
1Opinion of the CourtJustice Scholfield
This action is by a depositor, and against a stockholder of the People’s Bank of Belleville, under the 9th section of the charter of the bank, which makes the stockholders individually responsible when default is made in the payment of any debt or liability contracted by the corporation, for an amount equal to the amount of stock held by them, respectively.
Three questions arising upon the record are discussed in the printed arguments before us: First, may an indebtedness of the bank to the stockholder be set off against his liability under this section pro tanto ? second, when judgment is…
2Cases cited6 opinions
- Johnson v. . UnderhillNew York Court of Appeals · 1873
- Wincock v. TurpinIllinois Supreme Court · 1880
- Thompson v. MeisserIllinois Supreme Court · 1884
- Kellogg v. StockwellIllinois Supreme Court · 1874
- Jones v. WiltbergerSupreme Court of Georgia · 1871
1 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Golden v. CervenkaIllinois Supreme Court · 1917
- Barth v. PockMontana Supreme Court · 1915
- Sanders v. Merchants State BankIllinois Supreme Court · 1932
- Bank of North America v. RindgeMassachusetts Supreme Judicial Court · 1891
- Alling v. WenzelIllinois Supreme Court · 1890
8 more not listed; retrieve them via the Exa API.