Sabin v. Bank of Woodstock
Supreme Court of Vermont
Indebitatus Assumpsit for money had and received. Plea, the general issue, and trial by jury, May Term, 1848, — Redfield, J., presiding. On trial the facts appeared as follows.
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Indebitatus Assumpsit for money had and received. Plea, the general issue, and trial by jury, May Term, 1848, — Redfield, J., presiding. On trial the facts appeared as follows. By the ñirifh section of the act of incorporation of the Bank of Woodstock, the defendants, passed in 1831, it was enacted, “ That the shares in said bank ‘ shall be transferable in such manner, as shall be prescribed by the ‘ by-laws of said corporation ; Provided, That no transfer shall be * valid, until the same shall be recorded in a book to be kept by the ‘ directors, in said bank, for that purpose, and unless the…
1Opinion of the Court
*359The opinion of the court was delivered by
Redfield, J.
The important facts in this case are, briefly, that Elisha L. Sabin, a brother, of the plaintiff, owned, in October, 1835, nearly two hundred shares in the capital stock, and was not indebted to the bank. At that time, and for the purpose merely of increasing his vote, in the election of bank officers, he conveyed one hundred^ and eighty shares to forty five different persons, taking from them proxies for the purpose of voting in their names. From that time forward, until the defendants attached the shares, on the 16th day of November,…
2Cited by15 opinions
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