Le Sassier v. Kennedy - 123 U.S. 521 (1887)
U.S. Supreme Court
Le Sassier v. Kennedy, 123 U.S. 521 (1887)
Le Sassier v. Kennedy
Argued November 7, 1887
Decided December 5, 1887
123 U.S. 521
A sold to B shares in a national bank, and signed a transfer on the books of the company, leaving the name of the transferee blank. After it was known that the bank was embarrassed, B sold the shares to C, an irresponsible person, and filled his name in the blank. A, being subsequently adjudged liable as shareholder under the National Banking Law in a suit brought by the receiver, paid the judgment and brought suit in the Supreme Court of Louisiana against B for neglect of duty in failing to insert his name in the transfer. Held that the case did not arise under the National Banking Act, and that therefore no federal question was involved.
The case is stated in the opinion of the Court.