Lawhead v. Davis

Litz, Judge:

This' action, in assumpsit, was brought by Charles E. Law-head as receiver of Clarksburg Trust Company, a defunct banking corporation, against George W. Davis to recover of him his constitutional liability as owner of 25 shares of the capital stock of the corporation. To a judgment of $2,500.00 in favor of the plaintiff, defendant prosecutes error.

Section 6, Article XI of the state constitution declares that stockholders of any bank shall be personally liable to the creditors thereof, over and above the amount of stock held by them, respectively, to an amount equal to their…