Nicollet National Bank v. City Bank
Supreme Court of Minnesota
Plaintiff brought this action in the district court for Hennepin county, to recover damages for the refusal of the defendant to make a transfer of stock upon its books. A jury was waived, and the action tried by Hicks, J., who ordered judgment for plaintiff for the value of the stock, from which judgment the defendant appeals.
1Opinion of the CourtDickinson, J.
The defendant, a banking corporation created under the laws of this state, adopted a by-law in 1872, embracing the provisions that no transfer of the stock should be made, without the consent of the directors, by any stockholder who should be liable to the bank, either as principal debtor or otherwise, and that stock should be assignable only on the books of the bank. In 188T, the defendant bank issued to one Kelley stock certificates, which bore upon their face the statement that the stock was transferable only on the books of the bank, .and that it was not transferable by any stockholder…
2Cases cited14 opinions
- Commercial Bank v. KortrightCourt for the Trial of Impeachments and Correction of Errors · 1839
- Bank v. LanierSupreme Court of the United States · 1871
- Baldwin v. CanfieldSupreme Court of Minnesota · 1879
- Cushman v. Thayer Manufacturing Jewelry Co.New York Court of Appeals · 1879
- Black v. J. W. Zacharie & Co.Supreme Court of the United States · 1845
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3Cited by20 opinions
- Hunt v. Nevada State BankSupreme Court of Minnesota · 1969
- McMullan v. Dickinson Co.Supreme Court of Minnesota · 1896
- Minnesota Baptist Convention v. Pillsbury AcademySupreme Court of Minnesota · 1955
- Joslyn v. St. Paul Distilling Co.Supreme Court of Minnesota · 1890
- Prince Investment Co. v. St. Paul & Sioux City Land Co.Supreme Court of Minnesota · 1897
15 more not listed; retrieve them via the Exa API.