Carey v. State Ex Rel. Department of Financial Institutions

Separate actions 'were brought by the appellee against each of the appellants to recover from them the amount of their liability as shareholders in the insolvent Citizens State Bank of Carmel. The actions were consolidated, there was a trial, and judgment against appellant Kellam for $400 on his 4 shares of stock, and against each of the other appellants for $100 upon their one share of stock each.

Error is assigned upon the overruling of a demurrer to the complaint, the sustaining of a demuurrer to certain paragraphs of answer setting up fraud as a defense, and the overruling of motions for a…