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Anderson Vs. Abbott
Cites for this judgment
- US Supreme Court
- Mar 06, 1944
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U.S. 349 (1944) U.S. Supreme Court Anderson v. AbbottSearch
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U.S. 349 (1944) Anderson v. AbbottSearch
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a transaction which the Page 321 U. S. 354 Kentucky court later set aside. BancoKentucky Co.'s Receiver v. NationalSearch
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brought an action against Banco as holder of substantially all of the Bank's shares. He obtained a judgment ( Keyes v. AmericanSearch
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Life Ins. Co., 1 F.Supp. 512) which was affirmed on appeal. Laurent v. AndersonSearch
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The case is here on certiorari. I We are met at the outset with the contention that the decision in Laurent v. AndersonSearch
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Keyser v. HetzSearch
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Pauly v. StateSearch
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sue both -- partial satisfaction of the judgment against one being a pro tanto discharge of the other. Ericson v. SlomerSearch
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F.2d 437. And see Continental Nat. Bank & Trust Co. v. O'NeilSearch
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See Reconstruction Finance Corp. v. PeltsSearch
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Reconstruction Finance Corp. v. BarrettSearch
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on contracts made by agents of undisclosed principals Page 321 U. S. 356 ( Pittsburgh Terminal Coal Corp. v. BennettSearch
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upon us. But they have no application to suits to enforce a liability which has this statutory origin. Cf. Christopher v. NorvellSearch
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We accept those findings, as they were concurred in by two courts and no clear error is shown. Brewer Oil Co. v. UnitedSearch
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We conclude, however, that the courts below erred in dismissing the bill. It is clear by reason of Early v. RichardsonSearch
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his shares to his minor children, he would not have been relieved from liability for this assessment. And see Seabury v. GreenSearch
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matter that the transfer was in good faith, without purpose of evasion, and at a time when the bank was solvent. Early v. RichardsonSearch
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Page 321 U. S. 357 found in the nature of the transferee and his relationship to the transferor. Cf. Nickalls v. MerrySearch
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liable because his transferee turns out to be irresponsible or impecunious. It is clear that he does not. Earle v. CarsonSearch
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who is responsible for the risks of the banking business. The law has been edging towards that result. See Hansen v. AgnewSearch
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Metropolitan Holding Co. v. SnyderSearch
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Barbour v. ThomasSearch
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Nettles v. RhettSearch
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stock is owned by the transferor. Whether the transfer is made in avoidance of the double liability, as in Corker v. SoperSearch
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in making those purchases or effecting those exchanges, they knew what kind of an enterprise Banco was. See Nettles v. RhettSearch
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Anderson v. AtkinsonSearch
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the scope of the corporate charter, the kind and quality of the corporate undertaking. As was stated in Christopher v. BrusselbackSearch
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be bound and his rights foreclosed by authorized corporate action taken without his knowledge or participation. Sanger v. UptonSearch
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Pink v. A.ASearch
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director for mismanagement does not relieve them from liability to the depositors of the subsidiary banks. Cf. Scott v. DeWeeseSearch
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The fact that incorporation was desired in order to obtain limited liability does not defeat that purpose. Elenkrieg v. SiebrechtSearch
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Berkey v. ThirdSearch
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United States v. MilwaukeeSearch
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Subsidiary Corporations (1931) pp. 77-81. The cases of fraud make up part of that exception. Linn & Lane Timber Co. v. UnitedSearch
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Donovan v. PurtellSearch
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George v. RollinsSearch
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Higgins v. CaliforniaSearch
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Oriental Inv. Co. v. BarclaySearch
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Tex.Civ. App. 543, 559, 64 S.W. 80, 88. And see Weisser v. MursamSearch
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