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ANDERSON v. PHILADELPHIA WAREHOUSE CO.

111 U.S. 479 (1884)

ANDERSON, Receiver, v. PHILADELPHIA WAREHOUSE COMPANY.

Supreme Court of United States.

Decided April 21st, 1884.

Attorney(s) appearing for the Case

Mr. P.K. Erdman, for plaintiff in error.

Mr. R.C. McMurtrie, for defendant in error.

MR. CHIEF JUSTICE WAITE delivered the opinion of the court. He stated the facts in the foregoing language, and continued:

It is well settled that one who allows himself to appear on the books of a national bank as an owner of its stock is liable to creditors as a shareholder, whether he be the absolute owner or a pledgee only, and that, if a registered owner, acting in bad faith, transfers his stock in a failing bank to an irresponsible person, for the purpose of...

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