Knollenberg v. Chapman

WALTHALL, J. J. L. Chapman,

commissioner of insurance and banking of the state of Texas, brought this suit in the district court of El Paso county,'against F. C. Knol-lenberg as the ownpr of 5 shares of the capital stock of the El Paso Bank & Trust Company, hereinafter referred to as the bank, a banking corporation organized and acting under the Texas bank deposit guaranty law, to recover on a 100 per cent, bank stock liability, the affairs of that bank having been taken over by the commissioner as provided by the Texas state laws in case of insolvency of the bank.

On the trial by the court…