Swenson v. McFerson

These parties are hereinafter referred to as Mrs. Swenson and the commissioner, respectively.

The question before us is, Was Mrs. Swenson a stockholder in the Stock Growers State Bank of Burlington, hereinafter called the bank, at the time it was closed?

The bank is in process of liquidation as insolvent. The liability of its stockholder's is fixed by statute at twice the par value of their shares. That value was $100. On the theory that Mrs. Swenson owned five shares, judgment was entered against her for $1,000. To review that judgment she prosecutes this writ and asks that it be made a…