Michigan Trust Co. v. State Bank
Michigan Supreme Court
Error to Kent; Grove, J. Case by tbe Michigan Trust Company against the State Bank of Michigan to recover damages for defendant’s failure to transfer upon its books a certificate of stock which had been assigned to plaintiff by the registered holder. From a judgment for defendant on verdict directed by the court, plaintiff brings error.
1Opinion of the CourtLong, C. J.
The defendant began business in Grand Bapids in the summer of 1892, and on August 22d of that year issued to William T. Lamoreaux 10 shares of its capital stock1, of the par value of $1,000. In October following he opened an account with, and became indebted to, the defendant, continuing indebted to it up to the time of his death, November 10, 1895. That indebtedness at all times exceeded the sum of $2,000, and 'was evidenced by his promissory notes. At the time of his death he was indebted in large sums, both as maker and indorser of notes, "and of this sum $5,000 was past due and unpaid. He…
2Cases cited3 opinions
- Union Bank of Georgetown v. LairdSupreme Court of the United States · 1817
- National Bank v. Watsontown BankSupreme Court of the United States · 1882
- Reese v. Bank of CommerceCourt of Appeals of Maryland · 1859
3Cited by9 opinions
- Ardmore State Bank v. MasonSupreme Court of Oklahoma · 1911
- Just v. State Savings BankMichigan Supreme Court · 1903
- Faulkner v. Bank of TopekaSupreme Court of Kansas · 1908
- Oakland County Savings Bank v. State BankMichigan Supreme Court · 1897
- Battey v. Eureka BankSupreme Court of Kansas · 1901
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