Northwestern National Bank of Superior v. City of Superior
Wisconsin Supreme Court
Appeal from a judgment of the superior court of Douglas county: A. J. Yiítje, Judge. Action brought by the' Northwestern National Banh of Superior, for itself and other creditors, against the State Trust & Sayings Bank of Superior, an insolvent corporation, for the appointment of a receiver, winding up the corporation and its affairs, and a distribution of its assets. The defendant bank was thereupon adjudged insolvent. W. IT.
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Appeal from a judgment of the superior court of Douglas county: A. J. Yiítje, Judge. Action brought by the' Northwestern National Banh of Superior, for itself and other creditors, against the State Trust & Sayings Bank of Superior, an insolvent corporation, for the appointment of a receiver, winding up the corporation and its affairs, and a distribution of its assets. The defendant bank was thereupon adjudged insolvent. W. IT. Slack was duly appointed receiver, and an order entered in the action directing notice to be given to all creditors of defendant, and granting leave to creditors to…
1Opinion of the CourtDodge, J.
In settling the affairs of the State Trust & Sayings Bank, a banking corporation organized under the laws of Wisconsin, the receiver was adjudged to give preference to the claim of the city of Superior, which was a creditor for a deposit account to a considerable share of the total indebtedness. The Northwestern National Bank of Superior, also a large creditor, appeals.
The only question presented is whether the provisions of sec. 3245, Stats. 1898, in directing a preference to the United States, the state, and any county, city, town, or village therein, out of the assets of an insolvent…
2Cases cited15 opinions
- Davis v. Elmira Savings BankSupreme Court of the United States · 1896
- Cook County National Bank v. United StatesSupreme Court of the United States · 1883
- Gager v. MarsdenWisconsin Supreme Court · 1899
- Bushnell v. BeloitWisconsin Supreme Court · 1860
- State v. ShoveWisconsin Supreme Court · 1897
10 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- State ex rel. Kellogg v. CurrensWisconsin Supreme Court · 1901
- State ex rel. Carnation Milk Products Co. v. EmeryWisconsin Supreme Court · 1922
- Payne v. City of RacineWisconsin Supreme Court · 1935
- In re Incorporation of the Village of ChenequaWisconsin Supreme Court · 1928
- Stack v. HickeyWisconsin Supreme Court · 1912
6 more not listed; retrieve them via the Exa API.