Bank of National City v. Johnston

After the bank commissioners, acting under the authority given them by section 11 of the Banking Act, as amended in 1895 (Stats. 1895, p. 175), had seized and taken into possession all of the assets of the bank, and had reported the affair to the attorney-general, and he had commenced a suit to enjoin the transaction of further business, but before the court had acted- in reference to the matter, the directors adopted a resolution levying an assessment for the purpose of paying the debts of the corporation. The resolution recites that it was done at the request of the bank commissioners.…