Legal Opinion

Stein v. Delano

Court of Appeals for the Third Circuit

Decided June 30, 1941No. Nos. 7629, 7644PublishedCited by 15 opinions

1Opinion of the Court

CLARK, Circuit Judge.

The national bank whose difficulties occasioned this litigation was one of the first to bow before the storm. The Comptroller appointed a receiver on June 11, 1932. This stitch seemed very much in time for the subsequent administration of the bank’s assets resulted in the full repayment of the principal of the funds deposited. At the beginning of this administration the Comptroller exercised his statutory1 power to assess the bank’s stockholders. This assessment netted $1,000,000 approximately and there now remains on hand $750,000 after payment of the dividends before…

2Cases cited18 opinions

  1. Erie Railroad v. TompkinsSupreme Court of the United States · 1938
  2. American Iron & Steel Manufacturing Co. v. Seaboard Air Line RailwaySupreme Court of the United States · 1914
  3. American Casualty Insurance Company's CaseCourt of Appeals of Maryland · 1896
  4. People v. . American Loan Trust Co.New York Court of Appeals · 1902
  5. John Agnew Co. v. Board of EducationNew Jersey Court of Chancery · 1914

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3Cited by15 opinions

  1. Golden Pacific Bancorp v. Federal Deposit Insurance CorporationCourt of Appeals for the Second Circuit · 2004
  2. Huston v. Federal Deposit Insurance Corp.Texas Supreme Court · 1990
  3. Littleton v. KincaidCourt of Appeals for the Fourth Circuit · 1950
  4. Girard Inv. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1941
  5. McConnell v. Pacific Mutual Life InsuranceCalifornia Court of Appeal · 1962

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