Brown v. Bradford
Supreme Court of Iowa
Appeal from Buena Vista District Court. — Hon. Lot Thomas, Judge. Suit in equity to set aside a conveyance of certain land made by one John B. Lemon, plaintiff’s assignor, to the Buena "Vista State Bank, and to annul tbe transfer between the same parties of certain property known as “Auxiliary Savings Banks.”
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Appeal from Buena Vista District Court. — Hon. Lot Thomas, Judge. Suit in equity to set aside a conveyance of certain land made by one John B. Lemon, plaintiff’s assignor, to the Buena "Vista State Bank, and to annul tbe transfer between the same parties of certain property known as “Auxiliary Savings Banks.” It is claimed that the conveyance and transfer were void because the bank had no authority to receive deeds of real estate, because the deed was never delivered, and because made with intent to hinder, delay, and defraud the creditors of John R Lemon. The defendant Bradford, receiver,…
1Opinion of the CourtDeemer, J.
*3811 *380Prior to March 1, 1898, John E. Lemon, one of the defendants in this case, was engaged in business as a private banker in the town of Storm Lake. On that date he, with others, who were relatives or close friends, organized and incorporated an institution known as the Buena Yista State Bank. The capital stock of this bank was fixed .at five hundred shares, of the par value of one hundred dollars each. John R. Lemon took three hundred and twenty of these shares in exchange for the building and fixtures', in which he had theretofore been doing business, at an agreed valuation of twenty-five…
2Cases cited4 opinions
- Fuller v. GriffithSupreme Court of Iowa · 1894
- Macomber v. PeckSupreme Court of Iowa · 1874
- Assignment of The Bloomfield Woolen Mills v. AllenderSupreme Court of Iowa · 1897
- Suiter v. TurnerSupreme Court of Iowa · 1860
3Cited by5 opinions
- Crowley v. BrowerSupreme Court of Iowa · 1926
- Hanneman v. OlsonSupreme Court of Iowa · 1928
- Logemeyer v. Fulton State BankAppellate Court of Illinois · 1942
- Syndicate Clothing Co. v. GarfieldSupreme Court of Iowa · 1927
- Eddy v. WearinSupreme Court of Iowa · 1898