Freeman, Etc. v. Hiznay

Opinion by

Mr. Justice Horace Stern,

Where a banking corporation whose shareholders were individually responsible for its debts to the amount of the par value of their stock in addition to the par value of the shares, entered into consolidation with a title insurance and trust company whose shareholders were not so responsible, and tbe consolidated company was subsequently taken over by tbe Secretary of Banking as receiver because of insolvency, are the shareholders of the consolidated corporation, or any of them, individually liable for its debts, and if so to what extent? That is the question…