Northwestern Trust Co. v. Bradbury
Supreme Court of Minnesota
Action in the district court for Ramsey county by the receiver of the State Bank of St. Paul, to recover an assessment of $2,500 levied by that court upon the stock of defendant in the insolvent bank. The defense interposed is stated in the sixth paragraph of the opinion.
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Action in the district court for Ramsey county by the receiver of the State Bank of St. Paul, to recover an assessment of $2,500 levied by that court upon the stock of defendant in the insolvent bank. The defense interposed is stated in the sixth paragraph of the opinion. The case was submitted upon an agreed statement of facts to Kelly, J., who made findings and as conclusions of law ordered judgment in favor of plaintiff for $2,500, and that the judgment have incorporated in it the following: “Provided that the defendant, in the event that the receiver is enabled to collect from assets of…
1Opinion of the CourtBrown, J.
The State Bank of St. Paul was a banking corporation duly created and existing under the laws of this state, the stockholders of which were subject to the liability created by section 3 of article 10 of the state Constitution. In January, 1908, the public examiner found the affairs of the bank somewhat impaired, and he ordered and directed the officers thereof to levy a stock assessment of fifty per cent. The directors of the bank duly complied with the order. Before the same was paid, however, further investigation resulted on January 18 in an order temporarily closing the bank, and on…
2Cases cited7 opinions
- Delano v. ButlerSupreme Court of the United States · 1886
- Allen v. WalshSupreme Court of Minnesota · 1879
- Patterson v. StewartSupreme Court of Minnesota · 1889
- McKusick v. Seymour, Sabin & Co.Supreme Court of Minnesota · 1892
- Hunt v. RoosenSupreme Court of Minnesota · 1902
2 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Duke v. ForceWashington Supreme Court · 1922
- State Savings & Commercial Bank v. AndersonCalifornia Supreme Court · 1913
- Gaiser v. BuckIndiana Supreme Court · 1930
- Blackert v. LankfordSupreme Court of Oklahoma · 1918
- Andrew v. Farmers Trust & Savings BankSupreme Court of Iowa · 1927
21 more not listed; retrieve them via the Exa API.