Northern Trust Co. v. Rogers
Supreme Court of Minnesota
Action in the district court for Hennepin county by the assignee of the Farmers and Merchants State Bank upon a promissory note made by the defendant Rogers, and indorsed to the bank by the defendant Paulson. The counterclaim set up in the answer is stated in the opinion. From an order of the court, Russell, J., overruling the demurrer interposed to the answer, plaintiff appealed.
1Opinion of the CourtMitchell, J.
The Farmers and Merchants State Bank, being insolvent, on May 15, 1893, closed its doors, and stopped payment, and on June 20 made an assignment of all its property to plaintiff for the benefit of its creditors pursuant to the provisions of “the insolvent law” of 1881. Among the assets of the bank at the time of its failure was a note for $102.50 against defendant Rogers as maker and defendant Paulson as indorser. The Farmers Accident and Mutual Life Association was a depositor of the bank, and on May 13, and from that date down to June 20, had a deposit with it, subject to check, to the…
2Cases cited1 opinion
- Lewis v. Traders' BankSupreme Court of Minnesota · 1883
3Cited by12 opinions
- McFadden v. FollrathSupreme Court of Minnesota · 1911
- Varley v. SimsSupreme Court of Minnesota · 1907
- First National Bank v. McConnellSupreme Court of Minnesota · 1908
- First National Bank v. Rogers-Amundson-Flynn Co.Supreme Court of Minnesota · 1922
- Le Breton v. Stanley Contracting Co.California Court of Appeal · 1911
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