Broadway Bank v. McElrath
New Jersey Court of Chancery
This case came on for final hearing on the bill, answer, and proofs. The facts fully appear in the opinion of the court,
1Opinion of the Court
The Chancellor.
The property which forms the subject of controversy consists of fifty shares of the capital stock of the Trenton Iron Company, of the par value of one hundred dollars each, standing on the hooks of the company in the name of McElrath. On the second of June, 1854, the certificate of the stock, accompanied by a power of attorney irrevocable for the transfer thereof, was delivered to the Broadway Bank, as collateral security on loan of four thousand dollars, obtained by McElrath from the bank, upon his individual note at four months. The loan -was made upon the agreement of…
2Cases cited6 opinions
- Commercial Bank v. KortrightCourt for the Trial of Impeachments and Correction of Errors · 1839
- Union Bank of Georgetown v. LairdSupreme Court of the United States · 1817
- Kortright v. Buffalo Commercial BankNew York Supreme Court · 1838
- Quiner v. Marblehead Social InsuranceMassachusetts Supreme Judicial Court · 1813
- Fatman v. LobachThe Superior Court of New York City · 1851
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