Tabler v. Higginbotham

Lively, Judge:

From a judgment on a directed verdict, rendered May 23, 1930, defendant Higginbotham prosecutes error.

Defendant owned 42 shares of stock in the Bank of Jaek-sonburg on July 29, 1929, the date of the appointment of plaintiff as receiver for the bank, and on September 24, 1929, the commissioner of banking assessed against each stockholder owning stock on June 22, 1929, the full “double liability” of stockholders, the bank being insolvent. This action is to recover against defendant the sum thus assessed.

The bank was chartered in 1903 with an authorized capital stock of $25,000.00,…