Lane v. Harris
Supreme Court of Georgia
Debt, in Meriwether Superior Court. Tried before Judge' Starke, February Term, 1854. -This was an action brought by Richard A. Lane, against Henry Harris. The declaration set out that Harris was a stockholder in the “ Planter’s & Mechanic’s Rank of Columbus”, to the amount of one hundred shares of stock, rated at one hundred dollars per share.
Read the full summary
Debt, in Meriwether Superior Court. Tried before Judge' Starke, February Term, 1854. -This was an action brought by Richard A. Lane, against Henry Harris. The declaration set out that Harris was a stockholder in the “ Planter’s & Mechanic’s Rank of Columbus”, to the amount of one hundred shares of stock, rated at one hundred dollars per share. The charter of the bank provided, “ that the persons and property of the stockholders shall be pledged and held bound, in proportion to the number of shares and the value thereof, that each individual or company may hold in said bank, for the ultimate…
1ConcurrenceLumpkin, J.
The Court being of one mind, as to the first three grounds of alleged error, I shall address myself to the fourth only— which is, that the presiding Judge held that the plaintiff could recover such proportion of his bills only, as the stock owned by the defendant bears to the whole capital stock of the bank.
Now, the counter proposition to this and that, which I hold to be true, is, that the plaintiff is entitled to recover the whole amount of his bills out of the defendant, provided the number of his shares and the value thereof, estimated at $100 per share, is equal to the amount of the…
2Cases cited2 opinions
- Corning & Norton v. WhiteNew York Court of Chancery · 1831
- Bothwell v. SheffieldSupreme Court of Georgia · 1850