Bank of Florence v. United States Savings & Loan Co.
Supreme Court of Alabama
Appeal from the District Court of Lauderdale, in Equity. Heard before the Hon. W. P. Chitwood. The present appeal is taken from a decree appointing a receiver of the property of the Bank of Florence, under a bill filed by the appellee, the United States Savings & Loan Co. In addition to the allegations of the bill, which are stated in the opinion, and upon which are predicated the right to have the receiver appointed, the bill also averred that the officers of the bank had,…
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Appeal from the District Court of Lauderdale, in Equity. Heard before the Hon. W. P. Chitwood. The present appeal is taken from a decree appointing a receiver of the property of the Bank of Florence, under a bill filed by the appellee, the United States Savings & Loan Co. In addition to the allegations of the bill, which are stated in the opinion, and upon which are predicated the right to have the receiver appointed, the bill also averred that the officers of the bank had, wrongfully and without authority of its stockholders, turned over the assets of the bank to one S. S. Broadus, who had…
1Opinion of the CourtBrickell, C. J.
The material allegations of the original bill, on which is predicated the right to the appointment of a receiver, and the right to the ultimate equitable relief which is prayed, are capable of being reduced to a narrow compass. The complainant-is a corporation organized and existing under the laws of - the State of Minnesota, having a place of business in the city of Florence, in this State. The Bank of Florence was engaged in a general banking business at Florence, and became the agent of complainant for the collection of moneys there due and owing, and which were to become due, and was…
2Cases cited12 opinions
- National Bank v. Insurance Co.Supreme Court of the United States · 1881
- Little v. ChadwickMassachusetts Supreme Judicial Court · 1890
- Verplanck v. Mercantile InsuranceNew York Court of Chancery · 1831
- Ex parte WalkerSupreme Court of Alabama · 1854
- Knotts v. TarverSupreme Court of Alabama · 1845
7 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Oppenheim v. City of FlorenceSupreme Court of Alabama · 1934
- Lummus Cotton Gin Co. v. WalkerSupreme Court of Alabama · 1916
- Gypsy Oil Co. v. SchonwaldSupreme Court of Oklahoma · 1924
- Hanover Nat. Bank of New York v. ThomasSupreme Court of Alabama · 1928
- Bell v. KillianSupreme Court of Alabama · 1957
31 more not listed; retrieve them via the Exa API.