American Exchange Bank of Henryetta v. Rowsey

TEEHEE, C.

Plaintiff in error, American Exchange Bank of Henryetta, brought suit against defendant in error, W- F. Rowsey, to recover of,him the,amount of his statutory liability as a shareholder, of an insolvent state bank as fixed by the banking laws of the state.

In substance plaintiff alleged that defendant was the owner of 22 shares of stock of the Citizens State Bank of Henryetta, their par value being $2,200; that the bank had been taken charge of by the State Bank Commissioner as an insolvent ■ bank cm December 4, 1925, who thereupon ordered an assessment of the maximum liability…