Cartmell v. Commercial Bank & Trust Co.

Opinion op the Court by

Judge Lassing

Affirming.

Prior to January 22, 1913, the Commercial Bank & Trust Company, a corporation organized under the laws of Kentucky and empowered to do a general hanking and trust business, was located and doing business in the city of Louisville. On that date the capital stock of the bank was impaired to such an extent that a majority of its board of directors deemed it advisable for the bank to cease to do business, and, without notice to all the members of the board, prepared, signed, and posted on the' doors of the bank the following notice: “This bank is in…