Collins v. Caldwell
Court of Appeals for the Fifth Circuit
1Opinion of the Court
FOSTER, Circuit Judge.
At the close of business on December 23,1927, the First National Bank of Greenville was insolvent. Pursuant to an agreement with the Green-ville National Exchange Bank, all of its liabilities, except as to stockholders, were assumed, and all its assets were taken over, by that bank. In order to induce the transfer, it was agreed to pay the Greenville National $150,000 in cash. The cash was advanced by W. H. Bush and L. N. Bird, respectively president and vice president of the First National, and notes of the bank were issued to them for that amount. The First National…
2Cases cited7 opinions
- Richmond v. IronsSupreme Court of the United States · 1887
- Kennedy v. GibsonSupreme Court of the United States · 1869
- Casey v. GalliSupreme Court of the United States · 1877
- Pauly v. State Loan & Trust Co.Supreme Court of the United States · 1897
- Bushnell v. LelandSupreme Court of the United States · 1897
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- B. v. Emery & Co. v. WilkinsonCourt of Appeals for the Tenth Circuit · 1934
- Penna. Co. v. ClarkSupreme Court of Pennsylvania · 1940
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