Smith v. Sogn

MISER, C.

This is an action under section 8937, Rev. Code 1919, to enforce an alleged stockholder’s liability under section *4928993, Rev. Code 1919. The sole question is whether respondent was -liable as a stockholder of the bank of which appellant later took charge as superintendent of banks. The trial court, which had the advantage of seeing and hearing the witnesses, found that respondent never was a stockholder. In the light of this finding, the facts may be stated thus: On June 19., 1922, one Graslie, formerly cashier of the bank, sold his interest in the bank to A. M. -Sogn, its…