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MacDONALD v. GUY

No. 2759.

63 F.2d 334 (1933)

MacDONALD v. GUY, Com'r of Banks.

Circuit Court of Appeals, First Circuit.

February 13, 1933.

Attorney(s) appearing for the Case

Robert A. B. Cook, of Boston, Mass. (Walter J. MacDonald, of Brockton, Mass., and Jonathan B. Rintels, of Boston, Mass., on the brief), for appellant.

Edmund R. Dewing, of Boston, Mass. (Warren F. Farr, of Boston, Mass., on the brief), for appellee.

Before BINGHAM, WILSON, and MORTON, Circuit Judges.

WILSON, Circuit Judge.

In June, 1929, the Craig, Reed & Emerson, Inc., a corporation engaged in the manufacture of shoes and hereinafter referred to as the Shoe Company, was undoubtedly insolvent. A meeting of its stockholders was held and the president of the Plymouth Trust Company (hereinafter referred to as the Trust Company), a state banking institution under the laws of Massachusetts, attended. At this meeting it was agreed by those present to allow the corporation...

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