Morgan v. Bank of North America
Supreme Court of Pennsylvania
TIIIS was a spetial action on the case, brought by Benjamin R. Morgan and John C. Smith, assignees of Robert Wain, against the Bank of North America, to recover damages for refusing to permit a transfer of certain shares of stock by Mr. Wain to the plaintiffs, and for refusing to nay to them the dividends on those shares.
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TIIIS was a spetial action on the case, brought by Benjamin R. Morgan and John C. Smith, assignees of Robert Wain, against the Bank of North America, to recover damages for refusing to permit a transfer of certain shares of stock by Mr. Wain to the plaintiffs, and for refusing to nay to them the dividends on those shares. The * J i sii • r -r • . was tried before the Chief Justice at Ntsz Prizes in February last, when a verdict was taken for the plaintiffs, for six cents damages and six cents costs, subject to the Court’s ° to opinion on the evidence. The facts proved on the trial were as…
1Opinion of the Court
The opinion of the Court was delivered by
Duncan J.
In form* this is a special action on the case, for refusing to permit Robert Wain to transfer-to the plaintiffs, his assignees, six shares of the stock of the Bank of North America, on their- books, agreeably to a bye-law. In January, 1791, Robert Wain became a stockholder ; January, 1792, a director, and so continued until January, 1820. On the 15th September, 1819, he made a general assignment to the plaintiffs, for the benefit of hi's creditors. At this time be was largely indebted to the Bank. On the 20th November, 1819, thé Bank stated an…
2Cases cited1 opinion
- Union Bank of Georgetown v. LairdSupreme Court of the United States · 1817
3Cited by2 opinions
- Sewall v. Lancaster BankSupreme Court of Pennsylvania · 1828
- Bank of Attica v. . Manufacturers' and Traders' BankNew York Court of Appeals · 1859