Marshall v. F. & M. Savings Bank
Supreme Court of Virginia
Appeal from decree of circuit court of Alexandria city rendered March 30th, 1887, in the suit wherein James A. Marshall was complainant and the Farmers’ and Mechanics’ Savings Bank of Alexandria, Virginia, Andrew Jameison, John W. Stewart, and others were defendants. The object of the suit was to hold the directors, of .the bank personally responsible _foL_losse.s resulting from their gross negligence to depositors.
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Appeal from decree of circuit court of Alexandria city rendered March 30th, 1887, in the suit wherein James A. Marshall was complainant and the Farmers’ and Mechanics’ Savings Bank of Alexandria, Virginia, Andrew Jameison, John W. Stewart, and others were defendants. The object of the suit was to hold the directors, of .the bank personally responsible _foL_losse.s resulting from their gross negligence to depositors. The circuit court dismissed the bill, and the complainant appealed. Opinion states the case.
1Opinion of the CourtLacy, J.
This suit was brought by the appellant, James A. Marshall, for himself and on behalf jof..the other creditors .of the appellee corporation, the Farmers’ and Mechanics’ Sayings Bank of Virginia, a broken hank, to reduce into possession and distribute among said creditors the assets of the said bank, and to charge the individual defendants, who were the officers and directors of said bank, with the difference between the assets and liabilities of the said bank, upon the ground that the said directors had not had a meeting for.at least one-year prior to the 1st day of December, 1876, the date of…
2Cases cited9 opinions
- Neal v. ClarkSupreme Court of the United States · 1878
- Brinckerhoff v. . BostwickNew York Court of Appeals · 1882
- Hun v. . CaryNew York Court of Appeals · 1880
- United Society of Shakers v. UnderwoodCourt of Appeals of Kentucky · 1873
- Bank of St. Marys v. St. John, Powers & Co.Supreme Court of Alabama · 1854
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- King v. Livingston Manufacturing Co.Supreme Court of Alabama · 1915
- Mayflower Hotel Stockholders Protective Committee v. Mayflower Hotel Corp.Court of Appeals for the D.C. Circuit · 1949
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