Thompson v. Greeley
Supreme Court of Missouri
Appeal from Adair Circuit Court.— Hon. Andrew - Ellison, Judge. (1) Under the allegations of each of the petitions--' in each of said cases, the defendants were liable to-respond to the plaintiff for the losses caused the bank by their plain and inexcusable violation of the charter -of the bank. Stephens v. Overstolz, 43 Fed.
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Appeal from Adair Circuit Court.— Hon. Andrew - Ellison, Judge. (1) Under the allegations of each of the petitions--' in each of said cases, the defendants were liable to-respond to the plaintiff for the losses caused the bank by their plain and inexcusable violation of the charter -of the bank. Stephens v. Overstolz, 43 Fed. Rep. 465. (2) “If directors of a corporation can avoid, with proper care, a mistake or violation of the charter of the corporation, they will be held liable.” Hodges v. Screw Co., 1 R. I. 312. (3) “Where bank directors proceed prematurely to issue notes for circulation…
1Opinion of the CourtMacfarlane, J.
This suit was commenced in the ■ circuit court of the city of St. Louis, and on application of defendants was transferred to the circuit court of Adair county by change of venue.
The petition stated in substance the following facts : Qn the twenty-first day of January, 1884, the Provident Savings Bank was incorporated as a bank of deposit and discount, under the banking and incorporation laws of the state of Missouri, with a capital stock of $200,000, •$191,000 of which had been paid in ; that the bank commenced business under its charter, and continued the same until about July 14, 1886, when…
2Cases cited13 opinions
- Hornor v. HenningSupreme Court of the United States · 1876
- Haxton v. BishopNew York Supreme Court · 1829
- Bent v. PriestSupreme Court of Missouri · 1885
- Ward v. DavidsonSupreme Court of Missouri · 1886
- Gill v. BalisSupreme Court of Missouri · 1880
8 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Winchester v. HowardCalifornia Supreme Court · 1902
- Zakibe v. Ahrens & McCarron, Inc.Missouri Court of Appeals · 2000
- Greenfield Savings Bank v. AbercrombieMassachusetts Supreme Judicial Court · 1912
- Schneider v. SchneiderSupreme Court of Missouri · 1941
- Union National Bank v. HillSupreme Court of Missouri · 1899
17 more not listed; retrieve them via the Exa API.