Chaitlen v. Kaspar American State Bank

The Kaspar American State Bank, by resolution of its board of directors, discontinued business on June 24, 1932. Its assets were taken over by the Auditor of Public Accounts who appointed a receiver and filed a dissolution proceeding in the superior court of Cook county. The appellants, Roman Chaitlen, the Beverly Fuel Company, a corporation, Frank Krcmarilc, Agnes Krcmarik and the Klub Letem System, Inc., whose bills of complaint were consolidated in the superior court, filed representative suits to enforce the superadded liability of appellees as stockholders in the bank. The first bill of…