State Banking Commissioner v. E. Jossman State Bank
Michigan Supreme Court
Appeal from Oakland; Smith, J. A. K. Edgar filed a petition for a right to participate in the distribution of the dividends of the E. Jossman State Bank which was being wound up upon the petition of the State banking commissioner. From a decree denying the prayer of the petition petitioner appeals.
1Opinion of the CourtMcAlvay, J.
The bill of complaint in this case was filed September 9, 1913, by the banking commissioner against this bank, its president, directors, and officers under the statute, it having become insolvent, for the purpose of the appointment of a receiver and for liquidating its assets. The matter proceeded in due course until February 9, 1914, when an order of the court was made authorizing the receiver to pay a first dividend of 20 per cent, to all creditors. The receiver refused to pay any of said dividend to “A. K. Edgar, trustee,” the petitioner herein, and he thereupon filed the petition in this…
2Cases cited4 opinions
- Scott v. ArmstrongSupreme Court of the United States · 1892
- Metcalf v. WilliamsSupreme Court of the United States · 1881
- Thompson v. Union Trust Co.Michigan Supreme Court · 1902
- Keidan v. WinegarMichigan Supreme Court · 1893
3Cited by7 opinions
- Reichert v. Farmers' & Workingmen's Savings BankMichigan Supreme Court · 1932
- Reichert v. Fidelity Bank & Trust Co.Michigan Supreme Court · 1932
- Reichert v. Bay City BankMichigan Supreme Court · 1933
- Andrew v. Presbyterian ChurchSupreme Court of Iowa · 1933
- National Warehouse Corp. v. Banking CommissionWisconsin Supreme Court · 1940
2 more not listed; retrieve them via the Exa API.