Cox v. Bell

Plaintiff, a South Carolina depositor, brought this action against defendant, a Louisiana resident stockholder, of the Bank of Anderson, of Anderson, state of South Carolina, to recover $1,050, said sum representing .21 shares of stock owned by defendant in said bank, of the original par value of $50 per share. Plaintiff alleges that he brings this suit “for himself and on behalf of all depositors of The Bank -of Anderson.”

It is alleged: “That, on the 26th day of October, 1925, the said bank closed its doors, suspending operations and ceased to do business as an active banking corporation,…