State Ex Rel. Squire v. Murfey, Blossom & Co.

The Superintendent of Banks will be referred to herein as plaintiff, and Murfey, Blossom & Company as defendant.

There are but two questions in this case, viz.:

1. In an action by the Superintendent of Banks to collect the double liability of the stockholders of an insolvent Ohio bank, may a party who appears as a stockholder of record at the time the bank was closed avoid his double liability by showing that he had sold his shares more than sixty days before the bank was closed?

2. On the trial of such action, is such record stockholder entitled to a trial by jury?

There are, of course, some…