Dewey v. St. Albans Trust Co.
Supreme Court of Vermont
Petition for tlie appointment of a receiver, brought by Charles Dewey, inspector of finance, to take charge of the St. Albans Trust Company. Also a petition brought by O. W. Rich, the receiver of said company, praying that the court might prescribe the order, proportion, and manner of distribution of the funds of the trust company.
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Petition for tlie appointment of a receiver, brought by Charles Dewey, inspector of finance, to take charge of the St. Albans Trust Company. Also a petition brought by O. W. Rich, the receiver of said company, praying that the court might prescribe the order, proportion, and manner of distribution of the funds of the trust company. Heard, September Term, 1883. . Royce, Chancellor, held that all the depositors stood upon terms of perfect equality, that no class of depositors was entitled to any preference over others, and decreed that the funds should be distributed pro rata to the depositors.…
1Opinion of the Court
The opinion of the court was delivered by
Rowell, J.
The charter of this trust company, granted in 1868, — St. 1868, No. 157 — provides “that in case of the dissolution of said company, by act of law or otherwise, the debts due from said company, incurred by deposits in favor of minors, insane persons or married women — such deposits having been made for married women in their own right — shall have a preference and be satisfied before any other debts due from said corporation are* paid.”
On August 17,1883, the Inspector of Finance, pursuant to the statute in such case made and provided, applied…
2Cases cited9 opinions
- Toof v. MartinSupreme Court of the United States · 1871
- Slee v. BloomNew York Supreme Court · 1822
- Verplanck v. Mercantile InsuranceNew York Court of Chancery · 1831
- Briggs v. PennimanCourt for the Trial of Impeachments and Correction of Errors · 1826
- Denike v. New York & Rosendale Lime & Cement Co.New York Court of Appeals · 1880
4 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Dewey v. St. Albans Trust Co.Supreme Court of Vermont · 1887
- Leedom v. J. M. Ward Furniture, Stove & Carpet Co.Missouri Court of Appeals · 1889
- Hall v. Pilgrim Plywood CorporationSupreme Court of Vermont · 1967