|
|
Farmers’ & Mechanics’ Nat’l Bank v. Ridge Ave. Bank, 240 U.S. 498 (1916)
Contents:
Show Summary
Hide Summary
General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Farmers’ & Mechanics’ Nat’l Bank v. Ridge Ave. Bank, 240 U.S. 498 (1916)
Farmers’ & Mechanics’ National Bank v. Ridge Avenue Bank No. 291 Argued March 15, 1916 Decided April 3, 1916 240 U.S. 498
CERTIFICATE FROM THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
Under subsection f of § 5 of the Bankruptcy Act of 1898, and after reviewing conflicting authorities in regard to its construction, held that, when a partnership as such is insolvent and when each individual member is also insolvent, and when the only fund for distribution is produced by the individual estate of one member, the individual creditors of that member are entitled to priority in the distribution of the fund.
The facts, which involve the construction of the provisions of § 5 of the Bankruptcy Act of 1898 relative to the individual assets of a member of a bankrupt partnership and who are entitled to priority in sharing therein, are stated in the opinion.
Contents:
Chicago:
U.S. Supreme Court, "Syllabus," Farmers’ & Mechanics’ Nat’l Bank v. Ridge Ave. Bank, 240 U.S. 498 (1916) in 240 U.S. 498 240 U.S. 501. Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=6VSPZCE8TRVMEGG.
MLA:
U.S. Supreme Court. "Syllabus." Farmers’ & Mechanics’ Nat’l Bank v. Ridge Ave. Bank, 240 U.S. 498 (1916), in 240 U.S. 498, page 240 U.S. 501. Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=6VSPZCE8TRVMEGG.
Harvard:
U.S. Supreme Court, 'Syllabus' in Farmers’ & Mechanics’ Nat’l Bank v. Ridge Ave. Bank, 240 U.S. 498 (1916). cited in 1916, 240 U.S. 498, pp.240 U.S. 501. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=6VSPZCE8TRVMEGG.
|