Rowley v. Pogue

The receiver of the Angola Bank Trust Company brought this action against appellant (who was president and director of the institution) to recover from him the double liability, imposed upon stock holders in banks, upon ten shares of the capital stock thereof.'

It appears from the special findings of facts that: The Angola Bank Trust Company, because of its insolvency, was closed by the banking department of the State of Indiana on March 14, 1927; for fifteen years prior thereto it was' a corporation duly organized and doing business as a loan, trust, and safe deposit company; the state, on…