Becker v. Seymour
Supreme Court of Minnesota
On the petition of William M. Becker, in the matter of the receivership of the Bank of Minnesota, an order was made by the district court for Ramsey county, Willis, J., requiring Frank A. Seymour and William H. Lightner, receivers of the bank, to refund to the petitioner, Becker, the sum of $170.90. From this order the receivers appealed.
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On the petition of William M. Becker, in the matter of the receivership of the Bank of Minnesota, an order was made by the district court for Ramsey county, Willis, J., requiring Frank A. Seymour and William H. Lightner, receivers of the bank, to refund to the petitioner, Becker, the sum of $170.90. From this order the receivers appealed. The petitioner, having paid the full amount of his note to the bank as pledgee, has no equitable lien upon the surplus moneys, of the uncollected collateral, turned over by the pledgee to the receivers after satisfaction of its claim in full. Balbach v.…
1Opinion of the CourtStart, C. J.
This is an appeal by the receivers of the Bank of Minnesota from an order of the district court of Ramsey county directing them to pay to the respondent $170.90. The trial court found the allegations of the petition upon which the order is based to be true, and the only question for our decision is whether the facts found sustain the conclusion that the respondent was entitled to the sum so ordered to be paid to him.
The short facts are the following: The respondent on October 17, 1896, executed to the Bank of Minnesota1 his negotiable promissory note for the sum of $500, due January 15, 1897,…
2Cases cited2 opinions
- St. Paul & M. Trust Co. v. LeckSupreme Court of Minnesota · 1894
- Stolze v. Bank of MinnesotaSupreme Court of Minnesota · 1897
3Cited by17 opinions
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- Hall v. BurrellColorado Court of Appeals · 1912
- Hall v. BurrellColorado Court of Appeals · 1912
- Merchants' Ice & Fuel Co. v. Holland Baking Co.Missouri Court of Appeals · 1928
- Meeker v. HalseyCourt of Appeals for the Second Circuit · 1937
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