German National Bank v. Young
German National Bank v. Young
Opinion of the Court
R. A. Young, one of the defendants and appellees, was receiver of the Hiawatha Smokeless Coal Company a corporation, .and-his co-appellees were sureties on his bond as such receiver. The plaintiff, German National Bank, was one of the creditors of said corporation, and this is an action instituted at law against the receiver and the sureties on his bond to recover the amount alleged to be due to the plaintiff out of the assets of said corporation, in the hands of the receiver, according to the adjustment of his accounts by the chancery court ■of Sebastian County. It is alleged in tbe complaint that said .chancery court “restated the account of said B. A. Young, as receiver of said coal company, and found by said judgment that the said.B. A. Young had and now has in his hands as such receiver” the aggregate sum of $6,689.75, including interest, and that “said receiver ha§ disposed of the assets of the said coal company and hid filed his final account in said chancery court and that the account has been restated by said court as above set forth .and that by judgment of- said chancery court said defendant, B. A. Young, as such receiver, has been declared justly indebted to the plaintiff in the said sum of $6,689.75 together with the .interest and cost mentioned in said judgment.”
The defendants appeared and filed a motion to dismiss the suit on the ground that ‘ ‘ said complaint shows that the plaintiff is riot the only real party in interest 'and is therefore not entitled.to prosecute this suit on. behalf of itself to the exclusion of all other parties in 'Interest; that it is necessary to a final determination and adjudication of the controversy that Other persons be made parties to this suit; that plaintiff, if successful in the prosecution !of this suit, and a judgment rendered in its favor would not be a bar to the prosecution of similar suits by other parties united in' interest', and, "thtrefoie, ■to avoid'a multiplicity of suits as provided by the statute, the defendants move the court to dismiss the cause. ’ ’ The court evidently treated the motion to dismiss as a demurrer and sustained it and dismissed the action. An. appeal has been prosecuted to ’this court by the plaintiff.
Reversed and remanded with directions to overrule the demurrer.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.