Farmers' Bank of Wickliffe's Assignee v. Scott

Opinion op the Court by

Chief Justice Hobson

Affirming.

The Farmers’ Bank of Wickliffe was incorporated, under the laws of this State in 1902. In 1908 it made an ' assignment to J. B. Wickliffe as trustee- for the benefit of all its creditors. Wickliffe, as trustee, took charge of the assets of the bank and administered them. They proved insufficient to pay its liabilities. G. T. Scott was a stockholder in the bank to the amount of $2,000, and Wickliffe, as trustee, brought this suit against Scott to enforce against him his double liability as a stockholder under section 547, Kentucky Statutes.…