Sherman v. Smith
Supreme Court of the United States
Writ of error .to the Supreme Court of New York. Oliver Lee & Company’s Bank, at Buffalo, was organized in January, 1844, under the act of the Legislature to authorize banking, passed 18th April, 1838. Watts Sherman was one of the shareholders.- In the articles of association it was agreed that the shareholders should not be liable, individually, for the debts of the bank, and this was in accordance with this act of 1838, under which the association was organized, and which…
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Writ of error .to the Supreme Court of New York. Oliver Lee & Company’s Bank, at Buffalo, was organized in January, 1844, under the act of the Legislature to authorize banking, passed 18th April, 1838. Watts Sherman was one of the shareholders.- In the articles of association it was agreed that the shareholders should not be liable, individually, for the debts of the bank, and this was in accordance with this act of 1838, under which the association was organized, and which declared that no shareholder should be liable unless the articles of association signed by himself made mm so. But this…
1Opinion of the CourtJustice Nelson
This is a writ of error to-the Supreme Court of the State of New York.
The proceeding was instituted under an act of the Legislature of the State of New York, to enforce the responsibility of stockholders in certain banking corporations or associations.
The judge before whom the proceedings were instituted declared the bank insolvent, and appointed Smith, the defendant in error, the receiver to take charge of its assets, and to perform such other duties as the law imposed.
The case was afterwards referred to Judge Hall, as a referee, to apportion the debts and liabilities of the bank which had…
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- Lord v. Equitable Life Assurance Society of the United StatesNew York Court of Appeals · 1909
- Leep v. Railway Co.Supreme Court of Arkansas · 1894
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