Abbey v. Delta Bank & Trust Co.

The suit is by bill in chancery by the Delta Bank & Trust Company, through tlie state banking department liquidating the bank, to recover from certain stockholders the value of the stock held by them in the bank, the proceeding being under the statute, section 3619', Hemingway’s Code, making the stockholders liable for the amount of their stock; the statute being generally spoken of as the “statute imposing double liability on stockholders of a bank.”

The action was brought against all of the stockholders in one suit. There was a demurrer attacking the suit on the ground that such a procedure…