Heldenfels v. Chapman, Bank

Appellee, in his capacity of banking commissioner of the state of Texas sued to recover $500 from appellant, alleged' to be due by him as owner of ten shares of the par value of $100 in the State Bank of Rockport, which had become insolvent' and closed its doors and surrendered its assets and affairs to the banking commissioner, and he declared the respective owners and holders of shares in the defendant bank to be liable to the creditors for 50 per cent, of the par value of their shares. Appellant pleaded general denial and two years’ limitation. The cause was heard by the county court…