McDonald v. Williams

Citations

• 174 U.S. 397
• 19 S. Ct. 743
• 43 L. Ed. 1022
• 1899 U.S. LEXIS 1502

Syllabus

<p>The receiver of a national bank cannot recover a dividend paid to a stockholder not at all out of profits, but entirely out of capital, when the stockholder receiving such dividend acted in good faith, believing the same to be paid out of profits, and when the bank, at the time such dividend was declared and paid, was not insolvent.</p>