Seymour v. Bank of Minnesota
Supreme Court of Minnesota
Action in tbe district court for Ramsey county by plaintiffs, as receivers of the Bank of Minnesota, to enforce the individual liability of the stockholders in the bank. The case was tried before Otis, J., who made findings of fact and conclusions of law, and ordered judgment in favor of plaintiffs, as stated in the opinion. From the judgment entered pursuant to such order, plaintiffs and certain of defendants appealed.
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Action in tbe district court for Ramsey county by plaintiffs, as receivers of the Bank of Minnesota, to enforce the individual liability of the stockholders in the bank. The case was tried before Otis, J., who made findings of fact and conclusions of law, and ordered judgment in favor of plaintiffs, as stated in the opinion. From the judgment entered pursuant to such order, plaintiffs and certain of defendants appealed. The stockholders are liable to double the amount of stock held by them for all debts of the bank. The bank was incorporated in 1882 under G. S. 1878, c. 33, containing…
1Opinion of the CourtLovely, J.
Plaintiffs were appointed by the district court of Ramsey county receivers of the insolvent Bank of Minnesota, a banking institution incorporated under the laws of this state. Its assets are insufficient to meet its obligations, and this action is brought by the receivers to enforce the individual liability of the stockholders, under Laws 1895, c. 145.
The plaintiffs claim the right to enforce against each of such stockholders a liability for double the amount of his holdings of stock, which, by reason of the insolvency of many stockholders, and the deficiency of assets, is claimed to be…
2Cases cited10 opinions
- Pearsall v. Great Northern Railway Co.Supreme Court of the United States · 1896
- Louisville & Nashville Railroad v. KentuckySupreme Court of the United States · 1896
- Geib v. ReynoldsSupreme Court of Minnesota · 1886
- Allen v. WalshSupreme Court of Minnesota · 1879
- State ex rel. Attorney General v. Southern Minnesota RailroadSupreme Court of Minnesota · 1871
5 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Hunt v. RoosenSupreme Court of Minnesota · 1902
- Willius v. MannSupreme Court of Minnesota · 1904
- Austin v. DufferCourt of Appeals of Texas · 1926
- Northwestern Trust Co. v. BradburySupreme Court of Minnesota · 1910
- Bank of Dassel v. MarchSupreme Court of Minnesota · 1931
2 more not listed; retrieve them via the Exa API.