Elson v. Wright
Supreme Court of Iowa
Appeal from Wayne District Court.— Hon. H. M. Towner, Judge. Action by plaintiff as receiver of a bank to recover an assessment of 50 per cent, on stock belonging to the estate of which defendant is administrator; the liability sought to he enforced being the double liability of stockholders in banks as provided by statute. Judgment for plaintiff on a directed verdict, from which defendant appeals.—
1Opinion of the CourtMcClain, J.
The Bank of Lineville was incorporated in 1879, under the general banking laws of this State, in accordance with which its charter was to expire in twenty years. At the expiration of this period no steps were taken to reincorporate, but the bank continued to do business as a corporation under its original charter until in June, 1904, when under proceedings properly instituted, to which the bank and many of its stockholders became parties either by service of notice or by voluntary appearance, the plaintiff was appointed receiver. In October following the plaintiff applied to the court for an…
2Cases cited25 opinions
- Hawkins v. GlennSupreme Court of the United States · 1889
- Whitman v. Oxford National BankSupreme Court of the United States · 1900
- Great Western Telegraph Co. v. PurdySupreme Court of the United States · 1896
- Glenn v. LiggettSupreme Court of the United States · 1890
- Howarth v. . AngleNew York Court of Appeals · 1900
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3Cited by17 opinions
- Lynch v. JacobsenUtah Supreme Court · 1919
- McCarthy Co. v. Dubuque District CourtSupreme Court of Iowa · 1926
- M. H. McCarthy Co. v. Central Lumber & Coal Co.Supreme Court of Iowa · 1927
- Williams v. McCordSupreme Court of Iowa · 1927
- Paine v. MuellerSupreme Court of Iowa · 1911
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