Cleary v. Bertrand

The following opinion was filed February S, 1935:

Wickhem, J.

Some confusion is caused by the form of the pleadings, but a careful examination of the counts indicates that they state in somewhat different words a single cause of action, and that the gist of this cause of action is that defendant, knowing of the insolvency of the bank and the financial irresponsibility of Tina Bertrand, transferred the stock to her for the express purpose of avoiding the statutory liability imposed in such a situation upon the owner of stock in a state bank. The liability sought to be imposed arises under sec.…