Foster v. Row
Michigan Supreme Court
Appeal from Ingham; Person, J. Bill by Seymour Foster, receiver of the People’s Savings Bank of Lansing, against Samuel H. Row, Elgin Mifflin, James P. Edmonds, Mason D. Chatterton, Jacob Stahl, William A. Fraser, and others, to enforce the statutory liability of the stockholders in said bank to the depositors. From a decree for complainant, the above-named defendants appeal.
1Opinion of the CourtLong, J.
Complainant is receiver of the People’s Savings Bank. The defendants, it is claimed, are stockholders in that bank. This suit, by bill in equity, is brought to enforce the statutory liability of stockholders for the benefit of the depositors of the bank. The suit was commenced against all the resident stockholders, and a decree entered against them in the court below. Only the six defendants here have appealed, and each relies upon some special defense not common to the whole body of stockholders. There are some questions raised, however, which go to the jurisdiction, and in which all the…
2Cases cited31 opinions
- National Bank v. CaseSupreme Court of the United States · 1879
- Bushnell v. LelandSupreme Court of the United States · 1897
- Bowden v. JohnsonSupreme Court of the United States · 1883
- Whitney v. ButlerSupreme Court of the United States · 1886
- Union Bank of Georgetown v. LairdSupreme Court of the United States · 1817
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