Supreme Court of the United States

The President, Directors and Company of the Bank of the United States, Against Dandridge and Oth — Marshall, J…

February 28, 182725 U.S. 64

Summary

Chief Justice Marshall issued a dissent, arguing that a corporation such as the Bank of the United States must approve a cashier's bond in writing by its board before the cashier may act, and that the lack of such written approval defeats the bond’s enforceability. He contends that the majority erred in admitting presumptive evidence of board approval. The Court nevertheless reversed the lower court and remanded the case.