Legal Opinion
Lowry v. Inman
The Superior Court of New York City
Decided June 15, 1869PublishedCited by 1 opinion
This action was brought by William M. and Robert J. Lowry against William H. Inman, to charge the defendant with liability for bills of a bank in Georgia, of which he was a stockholder. I. Demurrer to complaint.
1Opinion of the CourtMcCunn, J.
This action is founded on a statute of the State of Georgia, and is brought by the plaintiffs as creditors of the “Northwestern Bank of Geogia,” to enforce against the defendant, as a stockholder of the bank, an alleged liability for the debts of the bank,1 claimed to be imposed upon him by the following section of the act of incorporation:
“ Section 18. And be it further enacted by the authority aforesaid, that no one shall subscribe for, or own or purchase stock in said bank unless he or she be a *396citizen of Georgia, and one-third of said stock shall be subscribed for by citizens of Georgia.…
2Cases cited7 opinions
- Whitford v. . the Panama Railroad CompanyNew York Court of Appeals · 1861
- Almy v. HarrisNew York Supreme Court · 1809
- Pickering v. FiskSupreme Court of Vermont · 1834
- Smith v. Lockwood & WoodNew York Supreme Court · 1852
- Bank of United States v. DallamCourt of Appeals of Kentucky · 1836
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Briggs v. CornwellNew York Court of Common Pleas · 1881