McKee v. Home Savings & Trust Co.
Supreme Court of Iowa
Appeal from Polio District Court.— Hon. W. H. McHenry, J udge. Appeal from the action of the lower court on a trial without a jury, in directing the appellant, as receiver, to allow the claim of Powell against the company in the sum of $1,550, and pay dividends thereon as ordered.—
1Opinion of the Court
McClain, J.—
Prior to the appointment of appellant as receiver of the company, one Amberg was the holder of matured stock in said company, of the surrender value of $6,550, and of this amount he had received from the officers of the company $5,000 as a part of the withdrawal value. This amount was received by Amberg without any notice or knowledge on his part as to the condition of the company, *549and without any reason to believe that it was unable to pay claims against 'it in full. After the appointment of the receiver, Amberg transferred the balance of his claim to the claimant Powell, who…
2Cases cited6 opinions
- Appeal of ChristianSupreme Court of Pennsylvania · 1883
- Rabbitt v. WilcoxenSupreme Court of Iowa · 1897
- Young v. StevensonIllinois Supreme Court · 1899
- Colin v. WellfordSupreme Court of Virginia · 1904
- Wilcoxen v. SmithSupreme Court of Iowa · 1899
1 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Iowa-Des Moines National Bank & Trust Co. v. DietzSupreme Court of Iowa · 1938