State Bank v. Mentzer
Supreme Court of Iowa
Appeal from Linn District Court.— IIon. Wi. Gr. Thompson, Judge. Action on two promissory notes. The defendant pleaded that they were obtained by fraud, etc. Verdict for defendant, upon which judgment was entered, and plaintiff appeals.
1Opinion of the CourtLadd, J.
1. Stock subscription: notes; good faith purchers; notice of fraud. The Iowa Hedge & Wire Bence Company was incorporated in Indiana. It was managed by a board of seven directors. Though independent, in its origination, 0f the State Bank of "Indiana, the persons in control of the bank constituted a majority of the board of directors of the hedge company. Miller was president of both corporations. Henry, cashier of the bank, and Salm and Holt, directors, were directors of the company, and at the same time, with Miller, constituted the bank’s discount committee. The benevolent object of this…
2Cases cited2 opinions
- State Bank v. CookSupreme Court of Iowa · 1904
- State Bank v. GatesSupreme Court of Iowa · 1901
3Cited by7 opinions
- State Bank v. BrownSupreme Court of Iowa · 1909
- Blaul v. RobySupreme Court of Iowa · 1908
- Johns v. ClothesWashington Supreme Court · 1914
- State Bank v. CookSupreme Court of Iowa · 1904
- Kimmel v. Eastern Coal & Mining Co.West Virginia Supreme Court · 1924
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