Case Name: Scholfield et al. v. Union Bank
Court: United States Circuit Court of the District of Columbia
Jurisdiction: United States
Decision Date: 1815-11
Citations: 2 Cranch 115
Docket Number: 
Parties: Scholfield et al. v. Union Bank.
Judges: 
Reporter: Reports of cases argued and determined in the Supreme Court of the District of Columbia (District of Columbia - reported by Mackey)
Volume: 2
Pages: 115–115

Head Matter:
Scholfield et al. v. Union Bank.
A stockholder of a hank, who has pledged his stock to the hank as collateral security for the payment of his notes not yet due, has a right to vote as a stockholder at an election of directors.
An injunction had been granted to stay the election of directors of the Union Bank of Alexandria, upon the refusal of the com-* mittee of election to permit those stockholders to vote, whose stock was pledged to the bank as collateral security for notes not yet payable.

Opinion:
The Court
confirmed the principle upon which the injunction was granted.