Broderick v. Aaron

Pursuant to sections 80 and 120 of the Banking Law, the Superintendent of Banks brought this action to recover an assessment against stockholders of the Bank of United States. The defendants, respondents, were named as defendants upon, an allegation that they were the owners and record holders of thirty shares of the stock. The respondents impleaded the appellants under Civil Practice Act, section 193, subdivision 2, upon the ground that prior to the closing of the bank they had sold the thirty shares to the appellants, who admit the purchase thereof, but claim that they immediately resold…