Royal Trust Co. v. MacBean

The plaintiff appeals from a judgment entered in favor of defendants upon the,sustaining of their demurrer to the second amended complaint.

The action was brought to enforce the liability of the defendants, under the laws of the Dominion of Canada, as stockholders of an insolvent bank which had been incorporated under the laws of said dominion. The complaint sets forth very fully the statutory provisions governing the incorporation of banks, the liability of stockholders, and the procedure in eases of insolvency or bankruptcy.

It appears that by the “Bank Act” of Canada, enacted in 1890, it is…