Terry v. Anderson
Supreme Court of the United States
Appeal from the Circuit Court of the United States for the Southern District of Georgia. The Planters’ Bank of the; State of Georgia was incorporated by the, legislature of that State, with a charter, providing that the stockholders, for the time being, shall “ be .pledged and bound, in proportion to the amount .of the shares that each .'individual or'company may hold in said bank, for the. ultimate redemption of the bills or notes issued T>y or from said, bank, during the…
Read the full summary
Appeal from the Circuit Court of the United States for the Southern District of Georgia. The Planters’ Bank of the; State of Georgia was incorporated by the, legislature of that State, with a charter, providing that the stockholders, for the time being, shall “ be .pledged and bound, in proportion to the amount .of the shares that each .'individual or'company may hold in said bank, for the. ultimate redemption of the bills or notes issued T>y or from said, bank, during the time he, she, or they may hold such stock, in the same manner as in ordinary commercial bases, or -in simple cases of…
1Opinion of the Court · WaiteChief Justice Waite
delivered, the opinion of the court.
In Terry v. Tubman, 92 U. S. 156, we decided that where the charter of a hank contained a provision binding .the individual property, of its-stockholders for- the ultimate redemption of its bills in proportion to the number of shares held by them respectively, the liability- of the stockholder. arose when the bank refused or ceased to redeem, and was notoriously insolvent; and'that when such insolvency occurred prior to June 1, 1865, ah action against' a'stockholder not -commenced by Jan. 1, 1870, was barred-by the. Statute of Limitations-of Georgia of…
Also in this document: Opinion of the Court · Waite.
2Cases cited7 opinions
- Bank of Columbia v. OkelySupreme Court of the United States · 1819
- Agawam Co. v. JordanSupreme Court of the United States · 1869
- Ogilvie v. Knox Insurance Co.Supreme Court of the United States · 1860
- Terry v. TubmanSupreme Court of the United States · 1876
- Levy Court of Washington Cty. v. RinggoldSupreme Court of the United States · 1831
2 more not listed; retrieve them via the Exa API.
3Cited by294 opinions
- Home Building & Loan Assn. v. BlaisdellSupreme Court of the United States · 1934
- United States v. LockeSupreme Court of the United States · 1985
- Texaco, Inc. v. ShortSupreme Court of the United States · 1982
- Anderson National Bank v. LuckettSupreme Court of the United States · 1944
- Hollins v. Brierfield Coal & Iron Co.Supreme Court of the United States · 1893
289 more not listed; retrieve them via the Exa API.