Legal Opinion
Hughes v. Reed
Court of Appeals for the Tenth Circuit
Decided January 8, 1931No. 291PublishedCited by 77 opinions
1Opinion of the Court
McDERMOTT, Circuit Judge.
This is an action in equity by the receiver of the First National Bank of Sapulpa against its former directors to recover losses alleged to have been incurred by the bank. Two general claims are made: First, that the directors knowingly and intentionally permitted the officers of the bank to make loans in excess of 10 per cent, of the unimpaired capital and surplus of the hank, prohibited by section 5200 of the Revised Statutes as amended (12 USCA § 84). Second, that the defendants failed faithfully and diligently to discharge their duties as directors, in the making…
2Cases cited36 opinions
- Corsicana Nat. Bank of Corsicana v. JohnsonSupreme Court of the United States · 1919
- Guthrie v. HarknessSupreme Court of the United States · 1905
- Metropolitan Bank v. St. Louis Dispatch Co.Supreme Court of the United States · 1893
- Wallace v. Lincoln Savings BankTennessee Supreme Court · 1891
- Yates v. Jones National BankSupreme Court of the United States · 1907
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3Cited by77 opinions
- Russell v. ToddSupreme Court of the United States · 1940
- York v. Guaranty Trust Co. of New YorkCourt of Appeals for the Second Circuit · 1944
- Overfield v. Pennroad CorporationCourt of Appeals for the Third Circuit · 1944
- Michelsen v. PenneyCourt of Appeals for the Second Circuit · 1943
- Federal Sav. and Loan Ins. Corp. v. WilliamsDistrict Court, D. Maryland · 1984
72 more not listed; retrieve them via the Exa API.