Wheatley v. Glover
Supreme Court of Georgia
Equitable petition. Before Judge Spence. Sumter superior court. February 22, 1905. Wheatley, as receiver of 'the Bank- of Americus, brought an equitable petition against that bank and other defendants, alleging: The Bank of Americus was chartered by an act of the General Assembly, October 26, 1870. The capital stock was placed at $100,-000, with power to increase it to $500,000, divided into shares of $100 each.
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Equitable petition. Before Judge Spence. Sumter superior court. February 22, 1905. Wheatley, as receiver of 'the Bank- of Americus, brought an equitable petition against that bank and other defendants, alleging: The Bank of Americus was chartered by an act of the General Assembly, October 26, 1870. The capital stock was placed at $100,-000, with power to increase it to $500,000, divided into shares of $100 each. The bank was duly organized, with a capital stock of $100,000 paid in. Subsequently it was increased to $150,000, which was likewise paid in. The charter contained the following…
1Opinion of the CourtCobb, P. J.
(After stating the foregoing facts.) -1-3. In 1838-the General Assembly passed an act providing a method by which stockholders in banks and other corporations, who “are individually responsible under the charter,” might relieve themselves from such liability after the transfer of their stock. Cobb’s Dig. 112. The-codifiers changed the verbiage of this act, but made no alteration affecting the substance of the law. As it appears in the code it is in the following language: “When a stockholder in any bank or other corporation is individually liable under the charter, and shall transfer his…
2Cases cited34 opinions
- City of Columbus v. AnglinSupreme Court of Georgia · 1904
- Thornton v. LaneSupreme Court of Georgia · 1852
- Carrol v. GreenSupreme Court of the United States · 1876
- Neal v. MoultrieSupreme Court of Georgia · 1852
- Bigby v. DouglasSupreme Court of Georgia · 1905
29 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Bennett v. WheatleySupreme Court of Georgia · 1922
- Ellsworth v. BradfordCalifornia Supreme Court · 1921
- Lamar v. TaylorSupreme Court of Georgia · 1914
- John V. Farwell Co. v. Jackson StoresSupreme Court of Georgia · 1911
- Bennett v. Wilkes CountySupreme Court of Georgia · 1927
26 more not listed; retrieve them via the Exa API.