Commissioner of Banks v. Hanover Trust Co.

This is a suit in equity by the commissioner of banks in possession of the Hanover Trust Company to enforce the liability of its stockholders. The suit is similar in nature to Commissioner of Banks v. Cosmopolitan Trust Company, ante, 334. That decision settles most of the points presented on this record and is adopted as here applicable without discussion.

The questions in the case at bar not there decided remain to be considered.

1. The bill alleges that the several defendants named as stockholders in the Hanover Trust Company were such stockholders on August 11, 1920, the date on which the…