Ward v. Simon

DICKINSON, District Judge.

Leave was given to submit briefs which have now been received.

The Fact Situation.

The case is the ordinary one:of an action by the receiver of a closed Bank to enforce an assessment against a stockholder. David E. Simon and his wife were the registered joint owners of 25 shares' of the stock of the Northwestern National Bank & Trust Company. It has been ruled for us that the date of the failure of the bank is a fact to be found. There are four significant dates: One the early part of March, 1933, when the bank availed itself of the proclaimed bank holiday and closed…