McLemore v. Louisiana State Bank - 91 U.S. 27 (1875)
U.S. Supreme Court
McLemore v. Louisiana State Bank, 91 U.S. 27 (1875)
McLemore v. Louisiana State Bank
91 U.S. 27
Where, in time of war, a bank was, notwithstanding the protest of its officers, put in liquidation by order of the commanding general of the United States forces, and its effects transferred to commissioners appointed by him, who, during their administration, sold for less than their face value choses in action held by the bank as collateral security at the time of the transfer, held that as the proceedings of the commanding general and the commissioners
constituted "superior force," which no prudent administrator of the affairs of a corporation could resist, the bank was neither responsible for those proceedings nor for a loss thereby occasioned.
The facts are stated in the opinion of the Court.