Drovers State Bank v. Drovers Cattle Loan & Investment Co.

Appeal from an order assessing stockholders of defendant, a Minnesota corporation, 100 per cent on account of their stockholders’ liability. The argument for appellants is that on the hearing of such a petition objecting stockholders have “the right to insist that the probable amount of available assets should be shown by the best evidence in the possession of the receiver.” The complaint here is that the assessment was made without requiring the receiver to produce the best evidence.

The questioned evidence goes only to the assets. The one witness in support of the petition was the receiver…