Hall v. Paris
Supreme Court of New Hampshire
In Equity. The plaintiffs are assignees of the Carroll County Five Cents Savings-Bank, in process of liquidation. The defendants are depositors of the savings-bank, and severally indebted to it by promissory note, and claim the right to set off their deposits in payment of the notes, to which the plaintiffs object.
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In Equity. The plaintiffs are assignees of the Carroll County Five Cents Savings-Bank, in process of liquidation. The defendants are depositors of the savings-bank, and severally indebted to it by promissory note, and claim the right to set off their deposits in payment of the notes, to which the plaintiffs object. Paris and some other defendants, at the time their, debts were contracted, proposed to withdraw their deposits, and borrow a less sum of money than they did, but, by the advice of the treasurer, they let their deposits remain, borrowed the whole sum needed, gave their notes for it,…
1Opinion of the CourtAllen, J.
By the statutes of this state relating to the winding up and distribution of the property of banks, including savings-banks, it is provided that “ the proceeds of such property shall be holden,—
“ I. To pay the expenses of the assignment.
“ II. To pay all bills issued by the bank pro rata.
“III. For the payment in equal proportion of all debts, claims, and obligations owing by the bank.
“ IV. The remainder to be divided among the stockholders, according to their interests.” Gen. St., c. 152, s. 17.
The statute received a construction in Simpson v. Savings-Bank, 56 N. H. 466, 477, where it was…
2Cases cited9 opinions
- Sawyer v. HoagSupreme Court of the United States · 1873
- Bissell v. Michigan Southern & Northern Indiana Railroad CompaniesNew York Court of Appeals · 1860
- Sheets v. SeldenSupreme Court of the United States · 1869
- United States v. EckfordSupreme Court of the United States · 1868
- Huntington v. Savings BankSupreme Court of the United States · 1878
4 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Bank Commissioners v. New Hampshire Banking Co.Supreme Court of New Hampshire · 1907
- Petition of the Union Five Cents Savings BankSupreme Court of New Hampshire · 1895
- Francestown Savings Bank CaseSupreme Court of New Hampshire · 1884