Savings Institution v. Makin
Supreme Judicial Court of Maine
This was a bill in equity, and after its address to the Court, commenced thus: “ Complain your orators, Stephen Longfellow, Joshua Richardson, Albert Newhall, Eliphalet Greely, William Swan, Levi Cutter, William Pitt Preble and William Willis, as they are the board of trustees of the Institution for Savings for the town of Portland and its vicinity, that the said institution for savings was duly incorporated by the legislature of the Commonwealth of Massachusetts, by an act…
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This was a bill in equity, and after its address to the Court, commenced thus: “ Complain your orators, Stephen Longfellow, Joshua Richardson, Albert Newhall, Eliphalet Greely, William Swan, Levi Cutter, William Pitt Preble and William Willis, as they are the board of trustees of the Institution for Savings for the town of Portland and its vicinity, that the said institution for savings was duly incorporated by the legislature of the Commonwealth of Massachusetts, by an act entitled “ An act to incorporate the Institution for Savings for the town of Portland and its vicinity,” passed the…
1Opinion of the Court
On June 7, 1845, the opinion of the majority of the Court, Whitman C. .1. dissenting, was delivered by
Sheri,by' J.
This is a bill in equity filed by eight persons describing themselves as the board of trustees of the institution for savings for the town of Portland and its vicinity. It alleges, that the institution received from its depositors an amount of money exceeding one hundred thousand dollars; that it invested the greater portion of it in the stocks of incorporated banks of good credit; that those banks have since that time *362sustained losses, and that the stocks purchased by the…
2Cases cited4 opinions
- Robinson v. SmithNew York Court of Chancery · 1831
- Verplanck v. Mercantile InsuranceNew York Court of Chancery · 1831
- Ward v. Sea InsuranceNew York Court of Chancery · 1838
- In re the Niagara InsuranceNew York Court of Chancery · 1828
3Cited by10 opinions
- Le Blanc v. City of New OrleansSupreme Court of Louisiana · 1915
- Macon & Birmingham Railroad v. GibsonSupreme Court of Georgia · 1890
- Appeal of Concerned Corporators of the Portsmouth Savings BankSupreme Court of New Hampshire · 1987
- Lovell v. One BancorpSupreme Judicial Court of Maine · 1992
- Androscoggin County Savings Bank v. CampbellSupreme Judicial Court of Maine · 1971
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