Tompkins v. Branch Bank

11 Va. 387
CourtSupreme Court of Virginia
DecidedAugust 15, 1840
StatusPublished

This text of 11 Va. 387 (Tompkins v. Branch Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tompkins v. Branch Bank, 11 Va. 387 (Va. 1840).

Opinion

Stanard, J.

If, on the general demurrer to the de■claration the court could intend that the President and Directors of the Office of Discount and Deposit of the Bank of Virginia at Charleston, might be a private corporation, or an association of individuals, trading under that designation and personally chargeable on their contracts, as was hinted at rather than seriously contended for in the argument, then the demurrer ought to have been overruled, and the case permitted to progress to judgment against such private corporation or individuals; and the judgment would charge •that corporation or those individuals, and not the corporation of the Bank of Virginia, But that such intendment cannot be made, is, I think, free from all doubt. It is judicially known to the court that the [390]*390corporation of the President, Directors and Company of the Bank of Virginia exists, and that the designation of one class of its functionaries is “the President and Directors of the Office of Discount and Deposit at Charleston.” The functionaries so designated are . ° . not a corporation, and have not, under that designation, corporate capacity to contract, or effects to charge;, and any contract made by them is effectual only as a contract or corporation of the President, Directors and company of the Bank of Virginia. They are nonentities to the end of creating any other corporate responsibility, and their contracts are nugatory and abortive for any other purpose, unless they are so framed as to create a personal responsibility of those who-are president and directors of the office. Without enquiring whether or no the president and directors may so contract as to subject them to personal responsibility, and consequently to suit on that responsibility, it is, I think, perfectly clear, that in this case the suit is not on such responsibility, and that no judgment could be taken which would charge them personally. That it could, was not seriously insisted on. in the argument. It is obvious, that the claim of the plaintiff is not on an individual or personal, but an. alleged corporate responsibility, and no judgment could be properly rendered in this case that would, personally charge, or the execution on which could be levied on the effects of the individuals who, at the-time of suit or judgment, or thereafter, might be the-president and directors of the office. It-has already been shewn, that no suit against them, as constituting in themselves a corporation distinct from the Bank of Virginia, can be maintained, because they have no such corporate character, no capacity to contract, no effects to charge. All this has been in effect conceded in the sequel of the argument of the counsel for the plaintiff in error, and he endeavours to maintain that; [391]*391this is a suit on a responsibility of tbe corporation of tbe Bank of Virginia, tbe judgment in which would only charge, and tbe execution on that judgment be levied only on tbe effects ot that corporation; and that tbe suit, in the manner in which it has been brought and conducted, is warranted by tbe act passed tbe 19th day of March, 1832, Suppl. to Rev. Code, p. 381.

Free access — add to your briefcase to read the full text and ask questions with AI

Cite This Page — Counsel Stack

Bluebook (online)
11 Va. 387, Counsel Stack Legal Research, https://law.counselstack.com/opinion/tompkins-v-branch-bank-va-1840.