Ellis v. H. P. Gates Mercantile Co.
Mississippi Supreme Court
Appeal from the chancery court of Simpson county., Hon. B. E. Shbeiiy, Chancellor. Suit hy H. B. Gates Mercantile Company and others, against W. C. Ellis and others. Prom a decree for complainants, defendants appeal.
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Appeal from the chancery court of Simpson county., Hon. B. E. Shbeiiy, Chancellor. Suit hy H. B. Gates Mercantile Company and others, against W. C. Ellis and others. Prom a decree for complainants, defendants appeal. The facts are fully stated in the opinion of the court The suit is one on the part of creditors or depositors and shareholders of the Magee Bank against its directors seeking to hold the directors personally hable for the losses alleged to have been sustained by reason of the neglect and general mismanagement on the part of the said directors and officers of the bank. The…
1Opinion of the Court
Reéd, J.,
delivered the opinion of the court.
This is a suit in equity, brought by a number of the depositors, together with several of the stockholders, in the Magee Bank against the directors of that bank and the receiver thereof, asking from the receiver information showing the amount lost to the bank by reason of defalcations of the cashier, and as to the loans made by the bank, and for the production of the books of the bank in court so that they may be inspected, and seeking a decree against the directors requiring them to'pay to appellees, and all other stockholders and depositors, all…
2Cases cited4 opinions
- Wallace v. Lincoln Savings BankTennessee Supreme Court · 1891
- Union National Bank v. HillSupreme Court of Missouri · 1899
- Delano v. CaseIllinois Supreme Court · 1887
- H. Wolfe & Co. v. SimmonsMississippi Supreme Court · 1897
3Cited by9 opinions
- Pritchard v. MyersCourt of Appeals of Maryland · 1938
- Ventress v. WallaceMississippi Supreme Court · 1916
- Boyd v. ApplewhiteMississippi Supreme Court · 1920
- Ramsey Petroleum Co. v. AdamsSupreme Court of Kansas · 1925
- Kelly v. ApplewhiteMississippi Supreme Court · 1917
4 more not listed; retrieve them via the Exa API.