Sagory v. Dubois
New York Court of Chancery
The bill in this cause was filed, October 1, 1844, by diaries Sagory, as receiver of The New York Banking Company, against Cornelius Dubois, Jr., a stockholder in the company, to compel him to pay up the unpaid balance on the shares of capital stock owned by him.
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The bill in this cause was filed, October 1, 1844, by diaries Sagory, as receiver of The New York Banking Company, against Cornelius Dubois, Jr., a stockholder in the company, to compel him to pay up the unpaid balance on the shares of capital stock owned by him. The facts established by the pleadings and proofs, were as follows : The defendant, with John Delafield and six others, on the tenth of October, 1838, formed an association under the Act to authorize the business of banking, passed April 18th, 1838, which was called The New York Banking Company. Articles of Association, pursuant to…
1Opinion of the Court
The Assistant Vice-Chancellor.
Several of the points presented on the part of the defendant, have been settled by various adjudications in our courts of law and equity. Thus, it is decided in the court of last resort, that the act to authorize the business of banking, usually called the General Banking Law, is constitutional, although on its passage it did not receive the assent of two-thirds of the members elected to each branch of the legislature. ( Warner v. N. A. Trust and Banking Co., 23 Wend. 103 ; Farmers Bank of Hudson v. Livingston, Dec. Term, 1845, not yet reported.(a)
It has also…
2Cases cited9 opinions
- Warner & Ray v. BeersCourt for the Trial of Impeachments and Correction of Errors · 1840
- President of the Goshen & Minisink Turnpike Road v. HurtinNew York Supreme Court · 1812
- Spear v. CrawfordNew York Supreme Court · 1835
- Gifford v. LivingstonNew York Supreme Court · 1845
- Herkimer Manufacturing & Hydraulic Co. v. SmallNew York Supreme Court · 1839
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3Cited by1 opinion
- Stoddard v. . LumNew York Court of Appeals · 1899