Claggett v. Metropolitan National Bank
New York Supreme Court
Appeal from special term, New York county. Action by Sumner B. Claggett and Charles T. Chickering, as administrators of the estate of James H. Paine, against the Metropolitan National Bank, to recover the amount of certain bank-bills issued by the Metropolitan. Bank while incorporated under the laws of the state, and before it became a national bank.
Read the full summary
Appeal from special term, New York county. Action by Sumner B. Claggett and Charles T. Chickering, as administrators of the estate of James H. Paine, against the Metropolitan National Bank, to recover the amount of certain bank-bills issued by the Metropolitan. Bank while incorporated under the laws of the state, and before it became a national bank. On March 14, 1867, such bank deposited with the bank superintendent of the state a sum of money equal to its outstanding circulation, and the superintendent published notice that the circulating notes of the bank would be redeemed at par at any…
1Opinion of the CourtBrady, J.
The defendant, while a banking association under the laws of this state, and in 1865, having become a national banking association under the provisions of the act passed in that year, (chapter 97,) and desiring to retire its circulating notes issued while a state bank, proceeded to comply with the provisions of the act of 1859 (chapter 236) relating thereto. In its con*166version to a national bank, and in the proceedings, under the act last mentioned, to retire its notes, every requirement was observed; and the question presented, therefore, in limine, is whether the act of 1859, the conversion…
Also in this document: Concurrence.
2Cases cited1 opinion
- Claggett v. Metropolitan National BankNew York Supreme Court · 1888
3Cited by2 opinions
- Metropolitan Nat. Bank v. ClaggettSupreme Court of the United States · 1891
- Clokey v. International Rubber Clothing & General Supply Co.New York Supreme Court · 1899