Oakland County Savings Bank v. State Bank
Michigan Supreme Court
Appeal from Ionia; Davis, J. Bill by the Oakland County Savings Bank against the State Bank of Carson City to compel a transfer of stock upon the books of the defendant. From a decree dismissing the bill, complainant appeals.
1Opinion of the CourtMontgomery, J.
Complainant, on the 23d of March, 1893, extended a credit to Samuel S. Walker, a stockholder in the defendant corporation, upon his promissory-note of $3,000, and took as collateral three certificates, each representing $1,000 worth of stock in the defendant bank. Subsequently $1,000 of the principal was paid, and one of the certificates bf stock surrendered. This bill is filed, after a refusal by the defendant bank to recognize the complainant’s ownership in the stock, and to transfer the same upon the books of the bank, to compel such transfer.
After receiving the certificates, and on the…
2Cases cited2 opinions
- Merchants' Bank v. State BankSupreme Court of the United States · 1871
- Michigan Trust Co. v. State BankMichigan Supreme Court · 1896
3Cited by10 opinions
- Union Trust Co. v. Preston National BankMichigan Supreme Court · 1904
- Ardmore State Bank v. MasonSupreme Court of Oklahoma · 1911
- Seaman v. Big Horn Canal Ass'nWyoming Supreme Court · 1923
- State Savings Bank v. MontgomeryMichigan Supreme Court · 1901
- Just v. State Savings BankMichigan Supreme Court · 1903
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