Badger Machinery Co. v. United States Bank & Trust Co.
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Columbia county: Chester A. Fowler, Circuit Judge. This action was brought by the plaintiff, a judgment creditor, to wind up the affairs of the defendant Columbia County-Electric Light & Power Company, sequestrate its assets, enforce unpaid stock subscriptions, and test the validity of outstanding bonds. All bondholders and stockholders were made-parties defendant.
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Appeal from a judgment of the circuit court for Columbia county: Chester A. Fowler, Circuit Judge. This action was brought by the plaintiff, a judgment creditor, to wind up the affairs of the defendant Columbia County-Electric Light & Power Company, sequestrate its assets, enforce unpaid stock subscriptions, and test the validity of outstanding bonds. All bondholders and stockholders were made-parties defendant. The bondholders counterclaimed for enforcement of their-bonds and foreclosure of the trust deed securing the same. Issue ivas raised by reply to the counterclaims. It was held that…
1Opinion of the CourtIvebwiN, J.
Two propositions are argued.under the assignment of errors on this appeal: (a) the finding to the effect that the appellant, the United States Bank & Trust Company, is not a holder for value in due course under the laws of Wisconsin is not supported by. the evidence; and (b) the law of New Mexico and not the law of Wisconsin governs the question as to whether the appellant is a holder for value in due course.
*201. The court below found:
“14. That the defendant the United States Banh & Trust Company holds $12,500 of said'bonds originally taken by it, ivith two notes of $5,000 indorsed to it by said…
2Cases cited7 opinions
- International Harvester Co. of America v. McAdamWisconsin Supreme Court · 1910
- Wilson v. LazierSupreme Court of Virginia · 1854
- Hume Webster & Co. v. Howe Machine Co.Supreme Court of Connecticut · 1886
- Houston v. KeithMississippi Supreme Court · 1911
- Berger-Crittenden Co. v. Chicago, Milwaukee & St. Paul Railway Co.Wisconsin Supreme Court · 1915
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- First National Bank v. NaylorWisconsin Supreme Court · 1933