Schaefer v. Bickel

The statutes of Wisconsin fix upon any one becoming a stockholder in a state bank a liability for *281the benefit of creditors “to the amount of their stock at par value thereof, in addition to the amount invested in said stock.”' Sec. 221.42, Stats. It'is also provided that when the Banking Commission takes over the affairs of a bank because its capital is impaired, because it is unsafe, because for it to continue business would be inexpedient, or for any of the other sufficient reasons set forth in the statute, this liability of the stockholder immediately accrues and becomes due and payable.…