New England Marine Insurance v. Chandler
Massachusetts Supreme Judicial Court
The question in this action was whether, upon the disclosure of Burroughs, he was to be holden as the trustee of the principal de* fendant. The following are the facts stated in that disclosure.
Read the full summary
The question in this action was whether, upon the disclosure of Burroughs, he was to be holden as the trustee of the principal de* fendant. The following are the facts stated in that disclosure. The defendant had deposited in the Union Bank, of which Burroughs was the cashier, the sum of 2451 dollars, 65 cents, which the directors of the bank had ordered to be retained for the security' of the bank, until all the notes in the bank, on which the defendant was promiser or endorser, amounting to a much larger sum, should be paid; and Burroughs considered himself as having no control over the…
1Opinion of the CourtParker, C. J.
By the answers of Burroughs, the cashier of the Union Bank, it appears that Chandler, the debtor sued in this action, being indebted to the bank, transferred to him fifty shares in the stock of the New England Marine Insurance Company, according to *231a written assignment annexed to the answers; and ten shares :n the stock of that bank, by writing his name on the back of the certifi cotes of the stock, and placing them in the hands of Burroughs. By the written assignment of the insurance stock, and by the endorsement of the bank certificates, it does not appear that these transfers were…
2Cited by10 opinions
- Jordan v. LavinMassachusetts Supreme Judicial Court · 1946
- Tucker v. AikenSuperior Court of New Hampshire · 1834
- Vantine v. MorseMassachusetts Supreme Judicial Court · 1870
- Cutter v. PerkinsSupreme Judicial Court of Maine · 1859
- Stamford Bank v. FerrisSupreme Court of Connecticut · 1845
5 more not listed; retrieve them via the Exa API.