Citizens Bank v. Mobley

The, sole question in this case is whether the Citizens Bank of Waynesboro, by reason of the facts set out in the above statement, was a “depositor” with Plains Bank, within the meaning of the act of the General Assembly dealing with assessments upon shareholders to pay “depositors,” or whether the transaction *548created the relation of borrower and lender in the ordinary sense. After providing for liability of shareholders to “creditors” for all debts of the bank, the banking law provides: “and said stockholders shall be further and additionally individually liable, equally and ratably (and not…