Cole v. Sassenberry

At the times material to this action defendant was a stockholder in the American 'State Bank of M'erriman, Neb. On January io, 1921, in a proceeding in the district court of Cherry County Neb., the bank was adjudged insolvent, and plaintiff was appointed and qualified as receiver. The Constitution of Nebraska provides that every stockholder in a banking corporation or institution shall be individually liable to its creditors in an amount equal to the stock held -by him over and above 'his stock (Const, art. 12, § 7), and further provides that, in all cases of claims against corporations, the…