Rankin v. Fidelity Insurance, Trust & Safe Deposit Co.
Supreme Court of the United States
ERROR TO THE CIRCUIT COURT OF APPEALS FOR THE THIRD CIRCUIT. This was an action at law by the receiver of the Keystone National Bank of Erie, Pennsylvania, against the defendant company, as the actual owner and holder of 172J shares of the capital stock of the bank, standing upon its books in the name of one William W. Hand, to recover an assessment upon the shareholders of one hundred per cent made by the Comptroller of the Currency pursuant to Eev.
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ERROR TO THE CIRCUIT COURT OF APPEALS FOR THE THIRD CIRCUIT. This was an action at law by the receiver of the Keystone National Bank of Erie, Pennsylvania, against the defendant company, as the actual owner and holder of 172J shares of the capital stock of the bank, standing upon its books in the name of one William W. Hand, to recover an assessment upon the shareholders of one hundred per cent made by the Comptroller of the Currency pursuant to Eev. Stat. sec. 5151. The facts of the case are substantially as follows: On November 15,1890, Delamater & Co., a banking firm of Meadville, Pa.,…
1Opinion of the CourtJustice Brown
There being but little conflict in the testimony as to the actual facts, the question really is whether the- court should have submitted the case to the jury, or instructed- a verdict for the plaintiff.. By Rev. Stat. sec. 5151, “the shareholders of every national banking association shall be held individually responsible, equally, and ratably, and not one for. another, for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares;” and by sec. 5234, the receiver…
2Cases cited10 opinions
- Hawkins v. GlennSupreme Court of the United States · 1889
- National Bank v. CaseSupreme Court of the United States · 1879
- Pauly v. State Loan & Trust Co.Supreme Court of the United States · 1897
- Bowden v. JohnsonSupreme Court of the United States · 1883
- Pullman v. UptonSupreme Court of the United States · 1878
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3Cited by63 opinions
- Forrest v. JackSupreme Court of the United States · 1935
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- Ebasco Services Inc. v. Pennsylvania Power & Light Co.District Court, E.D. Pennsylvania · 1975
- Utica City National Bank v. GunnNew York Court of Appeals · 1918
- Construction Aggregates Corporation v. Hewitt-Robins, IncorporatedCourt of Appeals for the Seventh Circuit · 1969
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