Pratt v. State

This appeal presents a single question: Is a stockholder in an incorporated bank in Alabama liable in a civil suit against him for the ad valorem tax assessed against his stock in the bank, when the assessment was made for the tax year beginning October 1, 1929, and the bank failed on February 21, 1930, without having paid the tax?

This case was tried in the court below upon the following agreed statement of facts:

“It is agreed by and between the plaintiff and the defendant in the above styled cause that the following facts shall be agreed and submitted and shall be taken as true, as fully and…