Garden City Banking & Trust Co v. Geilfuss
Wisconsin Supreme Court
APPEALS from the Circuit Court for Milwaukee County. Tbe orders appealed from in these cases relate substantially to the same subject matter.
Read the full summary
APPEALS from the Circuit Court for Milwaukee County. Tbe orders appealed from in these cases relate substantially to the same subject matter. The Commercial Bank of Milwaukee, organized under the general banking law of the state, and having its office and place of business at Milwaukee, Wis., on the 21st day of July, 1898, made an assignment to A. B. Geilfuss, pursuant to the statute in such case made and provided, for the benefit of all its creditors, its liabilities, exclusive of interest, being about $1,183,999.37, and its assets about $1,480,220.68; and as such assignee he took possession…
1Opinion of the CourtPiNNey, J.
1. The right of a banking corporation, created and existing under the general banking law of the state, to make a valid assignment of all its property and assets for the payment of its debts in the manner and form and to the effect prescribed by the statute, was very properly conceded by counsel who argued in support of the orders appealed from. Like trading, manufacturing, and other business corporations, the Commercial Bank had an absolute right of disposition of its property and assets, as full and ample as a natural person, unless restrained, expressly or by implication, by the general…
2Cases cited7 opinions
- Davis v. GraySupreme Court of the United States · 1873
- Wiswall v. SampsonSupreme Court of the United States · 1853
- Ellis v. Vernon Ice, Light, & Water Co.Texas Supreme Court · 1893
- Walling v. . MillerNew York Court of Appeals · 1888
- Powers v. C. H. Hamilton Paper Co.Wisconsin Supreme Court · 1884
2 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Maitia v. Allied L. & L. S. Co.Nevada Supreme Court · 1926
- Ballin v. Merchants' Exchange BankWisconsin Supreme Court · 1895
- Binder v. McDonaldWisconsin Supreme Court · 1900
- Chapman Valve Manufacturing Co. v. Oconto Water Co.Wisconsin Supreme Court · 1895
- Ford v. Plankinton BankWisconsin Supreme Court · 1894
8 more not listed; retrieve them via the Exa API.