(DOWNLOAD) "Holmberg Et Al. v. Armbrecht Et Al." by Supreme Court of the United States " eBook PDF Kindle ePub Free
eBook details
- Title: Holmberg Et Al. v. Armbrecht Et Al.
- Author : Supreme Court of the United States
- Release Date : January 25, 1946
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
This is a suit in equity by petitioners on behalf of themselves and all other creditors of the Southern Minnesota Joint Stock Land Bank of Minneapolis to enforce the liability imposed upon shareholders of the Bank by § 16 of the Federal Farm Loan Act, equal to one hundred percent of their holdings. 39 Stat. 360, 374, 12 U. S. C. § 812. The Bank closed its doors in May, 1932. Its debts exceeded its assets by more than $3,000,000, the amount of its outstanding stock. Suit was accordingly brought in the United States District Court for the District of Minnesota for determining and collecting the assessment due under § 16. Holmberg v. Southern Minnesota Joint Stock Land Bank, 10 F.Supp. 795. Armbrecht, a New York stockholder, was sued there. The suit failed on procedural grounds and was dismissed without prejudice to further action. Holmberg v. Anchell, 24 F.Supp. 594, 598. Not until 1942, so it is alleged, did petitioners learn that Jules S. Bache had concealed his ownership of one hundred shares of the Bank stock under the name of Charles Armbrecht. The present action against Armbrecht and Bache was begun in the Southern District of New York in November, 1943. Bache died during pendency of the suit and his executors were substituted as parties.
 "Holmberg Et Al. v. Armbrecht Et Al." by Supreme Court of the United States " eBook PDF Kindle ePub Free){kind=link}