Stewart v. Union Bank
Court of Appeals of Maryland
Appeal from the Court of Chancery. The original bill in this case, was filed on the 7th of July 1834, by the appellant, Stewart, as permanent trustee of John L. Sf William L. Hammond, insolvent debtors, against the Union Bank of Maryland.
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Appeal from the Court of Chancery. The original bill in this case, was filed on the 7th of July 1834, by the appellant, Stewart, as permanent trustee of John L. Sf William L. Hammond, insolvent debtors, against the Union Bank of Maryland. It charges that said insolvents, before their application, as partners in trade, became indebted to the Union Bank of Maryland for' money borrowed, in the sum of $5000, for which, on the 21st of February 1832, they gave their note signed in their partnership name, payable to the bank, by its corporate name,'at sixty days; that becoming embarrassed in their…
1Opinion of the CourtMagruder, J.
With all the attention we have given to the matters disclosed in this record, we can discover no ground for a reversal of the chancellor’s decree.
The material facts fn the case, according, to our view of it, are these. The appellant is the permanent trustee of John L. and William L. Hammond, and in that character filed his bill of complaint in the court below, to obtain a decree, declaring to be fraudulent and void a payment of $5000, alleged in the original bill to have been made by those insolvents, to the Union Bank of Maryland, and by the amended bill to charge McCormick, (now deceased,)…
2Cited by1 opinion
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