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Ferry v. Ramsey, 277 U.S. 88 (1928)
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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.
Ferry v. Ramsey, 277 U.S. 88 (1928)
Ferry v. Ramsey Nos. 407 to 418 , inclusive Argued April 25, 1928 Decided May 14, 1928 277 U.S. 88
ERROR TO THE SUPREME COURT OF KANSAS
Syllabus
1. A state statute making a bank director individually liable for deposits, the receipt of which by the bank was assented to by him with knowledge that it was insolvent, and which provides that his failure to examine the bank’s affairs to learn of its condition shall charge him with knowledge of its insolvency, and that, in suits against him for such deposits, the fact of insolvency when the deposits were received shall be prima facie evidence that the director both knew of the insolvency and assented to the deposits, held consistent with due process of law. P. 94.
2. The statute might have made directors liable to depositors in every case. By accepting the office, they assume the risks it imposes. Id.
122 Kans. 675, 691, affirmed.
Error to judgments of the Supreme Court of Kansas affirming recoveries against a director, and the executor of a deceased director, of a bank in twelve suits by depositors.
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Chicago: U.S. Supreme Court, "Syllabus," Ferry v. Ramsey, 277 U.S. 88 (1928) in 277 U.S. 88 277 U.S. 93. Original Sources, accessed June 7, 2023, http://www.originalsources.com/Document.aspx?DocID=GQ6JRI3IBTG6KIJ.
MLA: U.S. Supreme Court. "Syllabus." Ferry v. Ramsey, 277 U.S. 88 (1928), in 277 U.S. 88, page 277 U.S. 93. Original Sources. 7 Jun. 2023. http://www.originalsources.com/Document.aspx?DocID=GQ6JRI3IBTG6KIJ.
Harvard: U.S. Supreme Court, 'Syllabus' in Ferry v. Ramsey, 277 U.S. 88 (1928). cited in 1928, 277 U.S. 88, pp.277 U.S. 93. Original Sources, retrieved 7 June 2023, from http://www.originalsources.com/Document.aspx?DocID=GQ6JRI3IBTG6KIJ.
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