Craig's Appeal
Supreme Court of Pennsylvania
Appeal from the Court of Common Pleas, No. 8, of Philadelphia county: Of January Term 1878, No. 114. Appeal of William Craig and others, from the decree of the court confirming the report of the auditor appointed to audit the account of the assignee for the benefit of creditors of the Citizens’ Bank, of Philadelphia.
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Appeal from the Court of Common Pleas, No. 8, of Philadelphia county: Of January Term 1878, No. 114. Appeal of William Craig and others, from the decree of the court confirming the report of the auditor appointed to audit the account of the assignee for the benefit of creditors of the Citizens’ Bank, of Philadelphia. Said bank was incorporated by a special Act of Assembly, approved June 2d 1870. On December 2d 1874, the bank closed its doors, owing its depositors over $39,000, and shoitly afterwards it made an assignment for the benefit of its creditors to the Hon. D. Newlin Fell. At the date…
1Opinion of the CourtJustice Gordon
When Keim & Miller purchased the claims in controversy, they were neither agents nor trustees of the bank, neither did they occupy the position of sureties or partners, hence the authorities quoted by the counsel for the appellant do not apply to the case. They had, indeed, been officers of the bank, but their powers and duties as such ceased when the assignment was made: In fact, the
corporate powers of the bank itself then ceased, saving and excepting such of those powers as might be necessary to give effect to the provisions of the 27th section of the Act of the 16th of April 1850. There…
2Cited by6 opinions
- Cochran v. ShetlerSupreme Court of Pennsylvania · 1926
- Gordon, SEC. of Bk. v. BiesingerSupreme Court of Pennsylvania · 1938
- Kirschler v. WainwrightSupreme Court of Pennsylvania · 1917
- Harr, SEC. of Banking v. MikalariasSupreme Court of Pennsylvania · 1937
- Appeal of HammondSupreme Court of Pennsylvania · 1889
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