Fordham v. State

1-5. The rulings announced in the first five headnotes do not require elaboration.

6. The indictment charged that the bank did “become fraudulently insolvent,” while the defendant was an officer thereof; and a material question was whether the bank was insolvent within the meaning of the Penal Code, § 204, quoted in the fourth headnote. The judge charged: “The stock of a bank issued and paid for is a liability that should be included and taken into account in determining the question of solvency or insolvency.” Error was assigned upon this charge, on the ground that it did not state the law. A…