Turp v. Dickinson

Complainant herein is receiver of Frank Lee Dickinson Company, an insolvent corporation of this state, and hereinafter referred to for convenience as the corporation. The bill is in behalf of the unpaid creditors of the corporation, and seeks to fasten personal liability on the directors of the corporation for its unpaid debts and the administration expenses of the receivership, and also to fasten a like liability on the First National State Bank, a mortgagee creditor of the corporation, who was paid in full by the corporation prior to the receivership.

The material facts do not appear to be…