Cosmopolitan Trust Co. v. Mitchell
Massachusetts Supreme Judicial Court
1Opinion of the CourtRugg, C.J.
This is a suit in equity brought in the name of the Cosmopolitan Trust Company by the commissioner of banks in possession of its property and business under G. L. c. 167, § 22, against thirteen persons as its directors for the purpose of holding them responsible for losses of the trust company. A demurrer has been filed by each defendant. It is alleged in the bill that the commissioner of banks took possession of the property and business of the trust company on September 25, 1920, and that on that date it was insolvent.
1. A most., important question is raised at the outset. The…
2Cases cited80 opinions
- Kilbourn v. ThompsonSupreme Court of the United States · 1881
- Noble State Bank v. HaskellSupreme Court of the United States · 1911
- Selective Draft Law CasesSupreme Court of the United States · 1918
- Oceanic Steam Navigation Co. v. StranahanSupreme Court of the United States · 1909
- Briggs v. SpauldingSupreme Court of the United States · 1891
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