Hibernia Securities Co. v. Pirie

The plaintiff brings this action as assignee of the state superintendent of banks to recover from the defendant, a stockholder in the Hibernia Commercial & Savings Bank, the super-added liability imposed by § 3 of article XI of the constitution of the state of Oregon.

To each of the three affirmative answers of defendant to the complaint the plaintiff interposed demurrers on the ground that the same did not state facts sufficient to constitute a defense, and when the demurrers were overruled the plaintiff elected not to plead further. Judgment on the pleadings in favor of the defendant was…