Schram v. Collins

LEDERLE, District Judge.

Plaintiff, B. C. Schram, is receiver of the First National Bank-Detroit, an insolvent National Banking Association, engaged in winding up the business of said bank. In accordance with the provisions of the National Bank Act, the Comptroller of the Currency levied and made an assessment and requisition upon the stockholders of the bank for $25,000,000, to be paid on or before July 31st, 1933. The history of this bank is fully set forth in Barbour v. Thomas, 6 Cir., 86 F.2d 510. Also see Gillespie v. Schram, 6 Cir., 108 F.2d 39, decided December 7th, 1939.

In accordance…