McDavid v. Bank of Bay Minette
Supreme Court of Alabama
Appeal from Mobile Chancery Court. Heard before Hon. Thomas H. Smith. Bill by Joel A. McDavid against the Bank of Bay Minette, and the State Superintendent of Banks, to enjoin such superintendent from interfering with or otherwise handling the assets of the bank, and for an accounting. From a decree denying the injunction, complainant appeals.
1Opinion of the CourtGardner, J.
The Bank of Bay Minette was. organized in 1913. On October 26, 1914, pursuant to a resolution passed by the stockholders of said bank on that day, a deed of assignment was executed in the name of the bank by the vice president thereof to Joel A. McDavid. On November 3, 1914, the board of directors ratified and confirmed said deed of assignment and authorized the vice president and cashier of the Bank of Bay Minette to execute in its name such further conveyances as they might deem proper and necessary, These, deeds of assignment were in the usual form made for the benefit of creditors, and…
2Cases cited19 opinions
- Barbier v. ConnollySupreme Court of the United States · 1884
- Gulf, Colorado & Santa Fé Railway Co. v. EllisSupreme Court of the United States · 1897
- Noble State Bank v. HaskellSupreme Court of the United States · 1911
- Atchison, Topeka & Santa Fé Railroad v. MatthewsSupreme Court of the United States · 1899
- Bushnell v. LelandSupreme Court of the United States · 1897
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3Cited by22 opinions
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- State Ex Rel. Short v. NormanSupreme Court of Oklahoma · 1922
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- Ex Parte GreenSupreme Court of Alabama · 1930
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