Freeman, Etc. v. Rogal

Opinion by

Me. Justice Hoeace Steen,

The Secretary of Banking took possession of Pittsburgh-American Bank and Trust Company on September 25, 1981. On November 18, 1931, he determined, as Receiver, to liquidate its business and property. On February 1, 1939, he decided to enforce the additional statutory liability of the stockholders for the debts of the bank and gave written notice of assessment and demand for payment on or before March 6,1939. On October 1, 1941, he brought this suit in assumpsit against one of the stockholders who had failed to pay the assessment. The action was defended on…