Dethmers v. Face

This is an action in assumpsit, brought in September, 1936, by the receiver of a State bank against the administrators de bonis non cum testamento annexo, of the estate of Frederick D. Smith, deceased, for a claimed unpaid assessment levied on the stock of the bank under the .authority of 3 Comp. Laws 1929, § 11945. The propriety of this procedure was established in Re Graham’s Estate, 276 Mich. 321.

During his lifetime, Mr. Smith was the owner of 55 shares of the capital stock of the Peoples Savings Bank of Coopersville, and his estate subsequently acquired five additional'shares, the 60…