Smith v. Jones

This action is brought by the superintendent of banks in liquidation of the insolvent American State Bank to recover of the defendant a stockholder’s liability under section 8993, R. C. 1919.

Defendant answered admitting ownership of the stock, and as an affirmative defense pleaded that -defendant was engaged in the furniture and undertaking 'business; that on or about the month of May, 1924, the American- State Bank of Burke suspended and the assets of the -bank were taken over by the superintendent of banks; that after the bank suspended and while in the hands of the banking department under…