Bundy v. Wilson

This action was brought by the receiver of the bank to recover of John C. Bundy, as an alleged shareholder in the failed Florence State Bank, twice the value of the stock in that corporation which stood in his name on its books at the time the bank was declared insolvent. It was brought in the interest of the creditors of the bank under section 273, R. S. 1908.

It appears that Bundy bought the shares in question in *254January, 1913. The bank was closed by the State Bank Examiner in March following, and in May of that year defendant in error was appointed receiver. In July, 1913, Bundy brought…