Vincent v. Reeves

Kimball, Chief Justice.

The plaintiff and respondent at all times mentioned has been the owner of 20 shares of the capital stock of the Riverton State Bank which on August 19, 1932, became insolvent and passed into the hands of the State Examiner whose successor in office is the defendant and appellant.

In June, 1926, the bank was examined by the State Examiner to whom it appeared that the capital stock was impaired. Acting under § 10-505, R. S. 1931, the Examiner notified the bank to make good the impairment. Pursuant to the notice and for the purpose of complying therewith, as provided by §…