Flint v. A. B. Culbertson, Receiver for Fraternal Bank & Trust Co.

The Fraternal Bank & Trust Company was organized in 1911 as an unincorporated joint stock association and continued to carry on a banking business until 1957, when in a depositors’ class suit it was adjudged insolvent. The receiver thereafter, in accord with Article 6137, Vernon’s Annotated Civil Statutes, obtained service on some or all of the members or shareholders individually. The trial court declared these members so served to be liable as partners to the creditors of the insolvent bank. The' petitioner, May Pearl Flint, appealed urging coverture as a defense, her disabilities in this…