Burket v. Reliance Trust & Savings Bank

This appeal is now before us on rehearing granted. Plaintiffs are creditors of an Illinois bank organized about April 28, 1917, and closed by the State auditor June 20, 1932. They brought a representative suit against Ernest Kissling, A. G. Leonard, Arthur Leonard, Edward A. Leonard and others to enforce their alleged statutory and constitutional liability as stockholders of the defunct bank. (Ill. Rev. Stat. 1937, ch. 16½, sec. 6, p. 190; art. 11, sec. 6, p. 57 [Jones Ill. Stats. Ann. 10.06 and Vol. 1, p. 473].) Defendants answered denying liability. The cause was referred to a master who…